Circle has launched a 24/7 stablecoin foreign-exchange engine as it seeks exposure to the $10 trillion currency market, according to CryptoSlate. The service allows screened firms to settle supported stablecoin pairs with one another. Access to local fiat currencies and custody services is not included as part of the settlement arrangement and must be handled through separate agreements. The launch positions stablecoin-based FX settlement as Circle’s route into a broader market that operates around the clock. The available information does not specify which stablecoin pairs are supported or identify the firms eligible to use the service. It also does not provide details on pricing, transaction volumes or geographic coverage. The development is relevant to crypto-market participants tracking Circle, stablecoins and the expansion of digital-asset infrastructure into foreign-exchange activity.
