Hibachi Partners with Arc and Plans to Onboard Arc-Based Stablecoin FX Exchange Hibachi announced plans to become a stablecoin-focused foreign exchange (FX) exchange based on the Arc L1 blockchain developed by Circle. Arc Announcement: x.com/arc/status/2021999753953... Hibachi Announcement: x.com/hibachi_xyz/status/20219... Currently, the global FX market: - Daily trading volume approximately $10T (USD 10 trillion) - Structure dominated by a few banks - T+2 (Two Business Days Settlement) maintains a structure. While the stablecoin market has grown to approximately $310B, specialized FX trading infrastructure based on stablecoins remains limited. Against this backdrop, Hibachi is said to be preparing stablecoin-based spot and derivative FX trading, including: - Real-time settlement structure leveraging Arc's sub-second finality - On-chain transaction verification based on ZK (zero-knowledge) proofs - Compliance support reflecting institutional requirements such as KYC/AML - Self-custody and third-party custody integration Phagu's Change Hibachi, a previously introduced participant in the "Arc Builders Fund," was selected for the Perp DEX category and continues its collaboration with Arc/Circle. Following Circle's recent investment in edgeX, Hibachi is now incubating and collaborating at the chain level. Being a US company, collaboration with Circle, also a US company, may have been easier, and it appears they've adopted a strategy similar to GRVT, aiming to scale up through institutional participation. The future launch of Vault and the resulting improvement in liquidity will also be of interest. They're also holding a related event this time, so if you're interested, please DM me and I'll organize it for you. #KOL