As per Blockchainreporter, stablecoin issuer Circle has launched Circle StableFX, an institutional-grade on-chain foreign exchange platform built on its new layer-1 blockchain, Arc1. The platform aims to provide 24/7 on-chain settlement for stablecoin currency pairs with lower counterparty risk and more competitive rates. This move signals a major step toward integrating traditional finance with blockchain technology.
Circle Launches On-Chain FX Platform to Tackle $9.6T Market
BlockchainreporterShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.