Outright forward, EURC/USDC
1.1700USDC per EURC
- Buyer pays
- 11,700.00 USDC
- Seller delivers
- 10,000.00 EURC
- Trade date
- 22 Sep 2026
- Value date
- 22 Oct 2026
Forward contracts for USDC and EURC, on Arc
Fix the rate today.
Exchange on the day you choose.
Outright is an outright forward, the oldest tool in foreign exchange, rebuilt as a contract that can’t default. Both sides lock their currency upfront, and each claims the other’s on the value date.
- Collateral
- 100% of both legs
- Settlement
- Physical, on the value date
- Price source
- None needed
- Margin calls
- Never
An invoice in euros, a budget in dollars.
An importer owes a Berlin supplier €10,000 in thirty days. Today the rate is 1.1700, so they post an offer to buy 10,000 EURC for 11,700 USDC. An exporter holding euros accepts.
By day thirty the euro has risen to 1.2140. Buying then would have cost 12,140 USDC. The importer claims their EURC at the agreed 1.1700 and pays 440 USDC less. The exporter knew their price on day one, too. That certainty is the point.
How a forward settles
Two parties, one contract, three moments.
- 1
Post an offer
Choose an amount, a rate and a value date. Your side of the trade goes into the contract straight away, and you can cancel for a full refund until someone accepts.
- 2
A counterparty accepts
They lock the other currency, and the rate is fixed from that moment. Leave the offer open to anyone, or reserve it for a single address.
- 3
Each side claims
On the value date the buyer claims the EURC and the seller claims the USDC. If both agree before then, they can unwind and take back their own deposits.
Why it lives on Arc
- Both currencies on one chain
- USDC and EURC are both issued natively by Circle on Arc, so a forward is one contract holding two tokens. No bridges, no wrapped assets.
- Fees in dollars
- Gas on Arc is paid in USDC. Hedging a currency never means buying a volatile token first.
- Final when it settles
- Arc has deterministic finality. Once a leg is claimed, it cannot be reversed.
Built so settlement can’t fail
- Collateral in full, on both legs
- Nothing is lent and nothing is netted. Every unit that will change hands is already in the contract.
- Each party claims its own leg
- Payouts are pulled, not pushed. If one address is ever blocked by the token issuer, the other side still claims.
- Amounts, not a rate
- An offer records exactly how much of each currency moves. Settlement never rounds.
- Tested for conservation
- Fuzz tests check that every token deposited leaves the contract, to the right party, in every path through a trade.
- One pair per contract
- The two currencies are fixed when the contract is deployed. Another pair means another deployment, never shared collateral and never a token list to get wrong.