StableFX
StableFX
ENGAGING WITH A RANGE OF STABLECOIN CURRENCIES
WHY USE CIRCLE STABLEFX?
Access the benefits of onchain FX with Circle’s institutional-grade engine
Aggregated liquidity
Request-for-Quote (RFQ) execution across multiple liquidity providers means competitive pricing and low slippage, with seamless access to 24/7 FX markets.
Simplified risk management
Smart contract escrow reduces settlement risk, so both sides of a trade settle or neither does.
24/7 capital-efficient design
Programmable settlement windows let institutions settle immediately when speed matters, or defer and net when efficiency counts.
Reduced operational overhead
An all-to-all model eliminates the need for bilateral agreements with multiple counterparties, simplifying costly manual onboarding and accelerating access to liquidity.
HOW IT WORKS
FX for the onchain era
Circle StableFX simplifies FX, delivering instant, low-cost, and transparent settlement across currencies.
Request a quote
Send an RFQ for a stablecoin FX pair.
See competitive prices
Receive quotes from multiple liquidity providers.
Ejecute
Select and confirm your preferred quote, with execution immutably recorded onchain.
Settle onchain
Fund your obligation, and settlement happens automatically onchain once your counterparty does the same.
- StableFX is offered by Circle Technology Services, LLC (“CTS”). CTS is a software provider and does not provide regulated financial or advisory services. You are solely responsible for services you provide to users, including obtaining any necessary licenses or approvals and otherwise complying with applicable laws. StableFX is a collection of API and on-chain smart contracts that enable data sharing between counterparties to a transaction without intermediation by CTS. CTS’s role is limited to broadcasting information between the relevant parties and to the on-chain smart contract that enables settlement directly between the relevant parties. CTS does not accept or transmit digital assets on behalf of StableFX users. The product features described in these materials are for informational purposes only. All product features may be modified, delayed, or cancelled without prior notice, at any time and at the sole discretion of Circle Technology Services, LLC. Nothing herein constitutes a commitment, warranty, guarantee or investment advice.