Wavebridge Expands Korean Institutional Access to Onchain Stablecoin Settlement Infrastructure with Arc Mainnet Launch
Wavebridge, a digital-asset infrastructure company for institutional clients in South Korea, has launched full connectivity with Circle's onchain FX network, StableFX. This integration is part of the mainnet launch of Arc, an open Layer-1 blockchain built by Circle that supports stablecoin-based finance and offers sub-second finality. Wavebridge Prime, Wavebridge’s prime brokerage service, allows Korean institutions to access global multi-currency stablecoin settlement without directly onboarding with StableFX. The integration enables custody, liquidity management, and execution of stablecoin settlements through a single point of access for clients in South Korea. The move aims to provide 24/7 access to multi-stablecoin settlement infrastructure while reducing the need for prefunding across multiple banks or adhering to traditional business hours. Wavebridge currently supports custody over 11 stablecoins and plans to expand support as StableFX adds more currencies.
Topics: Arc blockchain institutional finance on-chain settlement stablecoin StableFX