Circle has launched StableFX, a stablecoin foreign exchange engine, alongside its Partner Stablecoins program aimed at improving the global foreign exchange infrastructure. The introduction of StableFX is designed to utilize blockchain technology to facilitate efficient and secure transactions in the FX market. This initiative reflects Circle’s commitment to leveraging digital currency for enhancing transaction processes. The Partner Stablecoins program is expected to support various currencies, further integrating stablecoins into the broader financial ecosystem.
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