StableFX is about to launch on the Arc mainnet, covering local currency stablecoins in major and emerging markets

Odaily News: Jeremy Allaire posted on the X platform that StableFX is about to launch on the Arc mainnet. Previously, StableFX had already gone live on the Arc public testnet. StableFX is an institutional-grade stablecoin foreign exchange engine that covers local currency stablecoins in major and emerging markets, supporting near-instant, 7×24-hour on-demand settlement. It adopts a PvP mechanism, meaning both sides settle simultaneously or not at all, to reduce capital occupation. It also allows access to multiple audited counterparties through a single onboarding process.