Edaily reported that virtual asset infrastructure company BDACS demonstrated a 'StableFX' transaction exchanging dollar stablecoin USDC and Korean Won stablecoin KRW1 on Circle's institutional blockchain Arc testnet at the 'Bridging Finance Onchain' event held on the 1st. StableFX is Circle's foreign exchange service. The concept is to implement on-chain foreign exchange transactions between Korean Won and global stablecoins, enabling domestic companies and institutions to utilize KRW liquidity within the Arc ecosystem.
