BDACS demonstrates 2-second USDC-to-KRW1 swap on Circle Arc testnet

BDACS, a digital asset infrastructure company, demonstrated a StableFX trade swapping dollar stablecoin USDC for won-denominated stablecoin KRW1 on Circle’s institutional blockchain Arc testnet at the Bridging Finance Onchain event held today, Edaily reported. StableFX is Circle’s foreign exchange trading service. The initiative is designed to enable onchain foreign exchange transactions between the Korean won and global stablecoins, allowing South Korean companies and institutions to use won liquidity within the Arc ecosystem.

Source: Coinness