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Morning Edition · Thursday, September 24, 2026Published at 1:46 AM EDT · New York
Circle Opens a Continuous Stablecoin Foreign-Exchange Engine and Extends Cross-Chain Transfers to Its Euro and Bitcoin Tokens
StableFX places a request-for-quote system at the protocol layer of Circle's Arc chain, while EURC now moves across five networks and cirBTC connects Arc and Ethereum.
Circle has launched a continuously available foreign-exchange engine on Arc, the settlement chain it brought to mainnet this month, according to CryptoSlate. The system, called StableFX, embeds a request-for-quote mechanism at the protocol…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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