Hibachi, a decentralized perpetual contract trading protocol, is set to introduce a stablecoin-settled forex trading platform on Arc. According to Foresight News, the platform will feature instant settlement as the default mode, offering tight bid-ask spreads, deep liquidity, and matching speed and system availability to meet traders' needs. Hibachi has secured backing from Circle Ventures' Arc Builders Fund.
Previously, Hibachi completed a $5 million seed funding round in March last year, with participation from Dragonfly, Electric Capital, and echo.