Hibachi Launches FX Exchange for Stablecoin Settlement on Arc Network

TLDR:

• Stablecoin market reached $308 billion in 2025 with $46 trillion in annual transaction volume. 
• Traditional FX markets still require T+2 settlement despite stablecoin instant transfer capabilities. 
• Hibachi offers private orderbooks with onchain verification and self-custody options for traders. 
• Circle Ventures backed Hibachi through Arc Builders Fund for sub-second finality infrastructure.

Hibachi has announced the launch of a new foreign exchange platform designed for stablecoin settlement. The platform addresses gaps in current FX markets by combining instant settlement with professional-grade execution.

Built on Circle’s Arc network, the exchange targets regulated institutions and professional traders. Stablecoin market capitalization reached $308 billion in 2025, creating demand for modern FX infrastructure.

Bridging the Gap Between Traditional and Onchain Markets

The stablecoin market processed $46 trillion in transaction volume last year. However, traditional FX markets continue operating on outdated infrastructure requiring T+2 settlement.

Banks maintain control through opacity and restricted liquidity access in the $10 trillion daily spot FX market. This creates friction as stablecoin adoption accelerates across enterprise users.

Hibachi shared its vision through a post on social media platform X. The company stated that no existing venue combines stablecoin settlement with exchange-grade execution and transparent orderbooks.

Traditional FX venues require bank intermediation and nostro accounts across multiple currencies. Centralized crypto exchanges introduce counterparty risk through custody requirements.

Current onchain venues present different challenges for institutional participants. These platforms lack privacy protections, exposing trading strategies and order flow to competitors.

Most fail to meet compliance standards that regulated firms require. The result leaves professional traders without adequate infrastructure for stablecoin-based FX operations.

The new platform aims to solve these limitations through specific design choices. Hibachi will offer instant settlement alongside tight bid-ask spreads and deep liquidity pools.

Orders and positions remain private while maintaining onchain verification capabilities. The exchange will support both self-custody and third-party custodian integrations.

Arc Network Powers Next-Generation Infrastructure

Hibachi selected Circle’s Arc network as its technical foundation. The blockchain network provides sub-second transaction finality and uses stablecoins for gas fees.

Arc also offers configurable privacy features that address institutional requirements. Circle Ventures backed Hibachi through participation in the Arc Builders Fund.

The exchange will serve spot and derivatives trading for multiple currency pairs. Professional market participants need matching speeds and uptime that rival traditional venues.

Hibachi plans to deliver these capabilities while maintaining regulatory compliance features. The platform includes reporting tools designed for regulated financial institutions.

A Deloitte survey found that 99 percent of enterprise CFOs envision using stablecoins long-term. This growing acceptance creates opportunity for specialized infrastructure providers.

Stablecoin-denominated currencies in different nations enable competition against legacy banking systems. Transparent orderbooks and broad access challenge the existing walled garden approach.

The FX market transformation reflects broader changes in digital asset utility. Stablecoins evolved from crypto-native products into mainstream payment rails over five years.

Regulatory frameworks continue developing to accommodate enterprise adoption. Hibachi positions itself to capture this market shift through purpose-built infrastructure for always-on trading.

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