OpenFX has recently completed a $94 million funding round, with a post-investment valuation of about $500 million. The company uses stablecoins to accelerate cross-border payments, enabling rapid foreign-exchange settlement. Currently, its annual processing volume has reached $45 billion, and it plans to expand into the Southeast Asia and Latin America markets.

XFX is a startup specializing in forex trading that supports stablecoin transactions. Recently, it completed a $17 million Series A funding round led by Castle Island Ventures, aiming to improve the efficiency of fiat currency and stablecoin exchanges. Currently, XFX allows customers to exchange among various stablecoins, US dollars, Mexican pesos, and Colombian pesos.

Foreign exchange trading startup XFX announced on March 26 that it has completed $17 million in funding, led by Castle Island Ventures with participation from Haun Ventures and others. XFX supports the exchange of stablecoins and three fiat currencies.

Gate News: On March 26, according to ZachXBT's disclosure, Circle froze USDC balances in 16 business-related hot wallets on March 25. The relevant entities stated that this action is related to a U.S. civil case with details not yet made public. ZachXBT stated that upon reviewing on-chain data, these addresses are involved in exchanges, gaming platforms, and forex businesses with no apparent connections to each other. The freeze has already impacted the operations of the related businesses.

EDX Markets' EDXM International plans to launch perpetual futures contracts tracking the Korean won to US dollar exchange rate, aiming to provide a lower-cost on-chain alternative to replace traditional non-deliverable forward contracts.

The PBOC has committed to stable financial operations, addressing risks in stocks, bonds, and forex markets. Key priorities include managing debt risks and supporting non-bank institutions while ensuring financial stability through macro-prudential tools.

Trade.xyz updated the names of five trading pairs deployed on Hyperliquid, involving crude oil, forex, and stock indices, mainly for standardizing the naming conventions. The changes include: $EUR renamed to $EURUSD, $JP225 changed to $Japan225, $CL changed to $WTICRUDE, $BRENTOIL changed to $BRENTCRUDE, and $KR200 changed to $Korea200.

On March 18, gold and silver prices rose slightly, reaching $5,012.28/oz and $79.833/oz respectively. Bitcoin and Ethereum volatility indices showed mixed performance, with the US dollar rising modestly in the forex market. Global stock indices rose broadly, while WTI and Brent crude oil prices declined.

Gate TradFi released an announcement on March 17, completing a product upgrade and launching a multi-leverage trading system with maximum leverage up to 500x, covering gold, silver, and multiple stock indices and forex pairs to meet diverse risk preferences and trading strategy needs.

Foreign exchange traders are heavily purchasing safe-haven instruments and hedging options due to concerns that the Middle East situation could trigger market shocks, with butterfly option demand showing significant increases. EUR/USD option demand reached an 11-month high in early March.