Stabledash
Stabledash
Backed by Circle Ventures, the platform targets the $10T forex market using privacy-centric ZK architecture and efficient stablecoin settlement.
February 23, 2026
Hibachi, a decentralized exchange known for its perpetual futures platform, is expanding into the $10 trillion daily foreign exchange (FX) market by building a dedicated trading venue on Circle's Arc blockchain. The initiative is backed by Circle Ventures through its Arc Builders Fund, marking a strategic move to bring institutional-grade forex trading on-chain.
Hibachi is filling a key gap in the FX market by creating a venue for spot and derivatives trading with instant stablecoin settlement. It offers tight spreads, deep liquidity, and pro-level speed/uptime, redefining FX for digital assets.
Current options are inadequate:
Overall, markets provide partial fixes: risky custody or privacy-compromised self-custody.
Hibachi combines tradfi and defi strengths:
This enables professional stablecoin FX without trade-offs.
Hibachi, a Circle Ventures portfolio company via the Arc Builders Fund, builds on Arc's infrastructure for always-on markets. Arc delivers sub-second finality, stablecoin gas fees, and customizable privacy—ideal for Hibachi.
Circle's investment underscores stablecoin FX as the "internet of money" foundation, merging its stablecoin expertise with Hibachi's trading focus.
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