Aave V4 has activated a dedicated Forex market on its Arc platform, enabling users to borrow USDC against EURC collateral without liquidating their euro-denominated assets. This new feature expands borrowing options for stablecoin users seeking exposure to both dollar and euro markets. The Forex market shares liquidity with Arc’s Main market, though EURC remains ineligible as collateral in the primary market. This separation allows Aave to offer specialized forex lending while maintaining distinct risk parameters across its lending pools.