Hibachi Partners with Arc for On-Chain FX Trading

Background on Hibachi, Arc, and Circle Ventures

Hibachi launched in 2025 as a decentralized exchange focused on perpetual futures and FX trading. The platform uses zero-knowledge proofs to verify an off-chain central limit order book on-chain, enabling high-frequency execution with privacy while maintaining verifiable settlement.

Arc is a Layer-1 blockchain developed by Circle and launched on public testnet in late 2025. It is designed as an economic operating system for stablecoin-native applications, offering sub-second finality, stablecoin-denominated gas fees, and optional privacy configurations.

Circle Ventures is the investment arm of Circle, the issuer of USDC, with a portfolio focused on DeFi infrastructure and ecosystem development. The Arc Builders Fund supports early-stage teams building directly on Arc through funding, technical support, and ecosystem integration.

Hibachi Partners with Arc to Build On-Chain FX Infrastructure

Hibachi partners with Arc to deploy its FX-focused perpetual exchange directly on the network’s infrastructure. The exchange will combine Arc’s sub-second finality with Hibachi’s zk-secured matching system to enable low-latency trading and instant settlement. The system is designed to support stablecoin-settled FX pairs, allowing traders to execute spot and derivatives trades using assets such as USDC.

This structure aims to reduce settlement delays that are common in traditional FX markets. By building directly on Arc, Hibachi will also integrate stablecoin-based gas payments and configurable privacy features into its trading stack.

Circle Ventures Backs Hibachi Through Arc Builders Fund

The partnership includes financial and strategic backing from Circle Ventures and the Arc Builders Fund. While the investment size was not disclosed, the funding is part of Arc’s broader initiative to support core infrastructure projects in its ecosystem.

The support provides Hibachi with development resources, technical collaboration, and access to Circle’s institutional network. The goal is to accelerate the build-out of FX trading infrastructure tailored for stablecoin-based settlement environments.The investment also aligns with Circle’s broader strategy of expanding USDC usage across DeFi and real-world financial markets.

Why This Matters For FX Markets

The collaboration positions Hibachi and Arc to target a segment of the FX market that is increasingly shifting toward stablecoin-based settlement. Traditional FX markets process trillions in daily volume but often rely on delayed settlement systems.

On-chain execution could offer faster settlement cycles, transparent pricing, and programmable liquidity. Arc’s infrastructure is designed to meet institutional requirements for speed and compliance while retaining DeFi’s composability. If successful, the integration could contribute to the broader adoption of blockchain infrastructure for global currency markets.

What Happens Next

Market participants are watching how quickly Hibachi can deploy its FX trading venue on Arc’s mainnet infrastructure. Key milestones include product rollout timelines, liquidity onboarding, and institutional participation.

Traders and developers are also monitoring how Arc’s stablecoin-native design performs under live trading conditions. Adoption metrics and execution performance will likely determine whether the platform can attract sustained FX volume. The outcome will depend on whether institutional users adopt on-chain FX trading at scale.