ChainCatcher report: Jeremy Allaire posted on X that StableFX will soon launch on the Arc mainnet. Previously, StableFX had already launched on the Arc public testnet. StableFX is an institutional-grade stablecoin foreign exchange engine that supports local currency stablecoins across major and emerging markets, enabling near-instant, 24/7 on-demand settlement using a PvP mechanism—where both sides settle simultaneously or neither does—to minimize capital lock-up, and allows integration with multiple vetted counterparties through a single onboarding process.
Jeremy Allaire Announces StableFX Launch on Arc Mainnet
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Summary
Jeremy Allaire announced the launch of StableFX on the Arc mainnet via on-chain news, following its testnet deployment. StableFX is an institutional-grade stablecoin FX engine that supports local fiat-backed stablecoins in major and emerging markets. It enables near-instant, 24/7 settlement using a PvP mechanism, ensuring simultaneous fund delivery or none at all. The platform provides single-point access to multiple vetted counterparties. This marks a key token launch event for cross-border payments.
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