Debts in five currencies clear at one on-chain fixing.

Only the net moves, and either every party settles or none does. Live on Arc mainnet: debts priced in USD, EUR, MXN, BRL or JPY, endorsed by their debtors, then paid in native USDC at the Chainlink fixing, or cleared together in a cycle.

Debts settled: 6
Gross owed: 5.45
USDC moved: 0.85
Set off: 84.4%
Debts settled: —
Gross owed: —
USDC moved: —
Set off: —

Record a debt Open a cycle

Latest cycle · 0001

4.8718 USDC was owed gross across 5 currencies; 94.5% of it set off, leaving 0.2669 USDC that moved.

4.8718 owed · 0.2669 moved · 94.5% set offPriced at the cycle's one fixing.

Positions at the fixing
Party	Owes	Is owed	Net	Funding
0xFcd8a11Eafc106CF7e94f161B04a3B61D247e00f	JPY 180 = 1.1440 USDC; total 1.1440 USDC	EUR 1.00 = 1.1464 USDC; USD 0.25 = 0.2500 USDC; total 1.3964 USDC	credit 0.2524 USDC	nothing to fund
0x4db81959DeB7c83f9B6bfC27cCb7277dC5015E63	EUR 1.00 = 1.1464 USDC; total 1.1464 USDC	MXN 20.00 = 1.1609 USDC; total 1.1609 USDC	credit 0.0145 USDC	nothing to fund
0x8d9cac7EC3ba29e158e49635AB4A4ec9729C4a28	MXN 20.00 = 1.1609 USDC; USD 0.25 = 0.2500 USDC; total 1.4109 USDC	BRL 6.00 = 1.1706 USDC; total 1.1706 USDC	debit 0.2403 USDC	funded
0x22412d552220D3669054d8282D7672Bf5FF60Efe	BRL 6.00 = 1.1706 USDC; total 1.1706 USDC	JPY 180 = 1.1440 USDC; total 1.1440 USDC	debit 0.0267 USDC	funded

Latest cycle

Reading the chain.

Chain clockUTC

BlockLatest block 22,836,708Final the moment it lands.

USD / USDPar

1.0000

USDC settles USD at parNo feed needed

EUR / USD16.6 h

1.139357

USD per EUR · 16:51 UTC

MXN / USD16.3 h

0.05645666

USD per MXN · 17:09 UTC

BRL / USD19.4 h

0.19211483

USD per BRL · 14:05 UTC

JPY / USD20.1 h

0.00635901

USD per JPY · 13:20 UTC

Today's fixings

Reading the chain.

Your position

Read live

Connect a wallet to see what you owe and are owed, net, across every debt and cycle on the contract.

No browser wallet found. Install one such as Rabby or MetaMask, then reload.

Your position

Read live

Reading the chain.

Debts

10 on the contract · 1 paid directly (0.5804 USDC) · 5 netted in cycles

DebtCreditor, debtorAmountIn USDCStateLast change

Debt 00100x4db8…5E630x2241…0EfeUSD0.60≈ 0.6000 USDCEndorsed23 Sep 13:17 UTC

Debt 00090x8d9c…4a280xFcd8…e00fEUR0.50≈ 0.5697 USDCEndorsed23 Sep 13:17 UTC

Debt 00080xFcd8…e00f0x8d9c…4a28USD1.00≈ 1.0000 USDCEndorsed23 Sep 13:16 UTC

Debt 00070xFcd8…e00f0x8d9c…4a28USD0.250.2500 USDC22 Sep 14:34 UTC

Debt 00060x2241…0Efe0xFcd8…e00fJPY1801.1440 USDC22 Sep 14:34 UTC

Debt 00050x8d9c…4a280x2241…0EfeBRL6.001.1706 USDC22 Sep 14:34 UTC

Debt 00040x4db8…5E630x8d9c…4a28MXN20.001.1609 USDC22 Sep 14:34 UTC

Debt 00030xFcd8…e00f0x4db8…5E63EUR1.001.1464 USDC22 Sep 14:34 UTC

Debt 00020x8d9c…4a280x2241…0EfeBRL5.00≈ 0.9606 USDCEndorsed22 Sep 14:25 UTC

Debt 00010xFcd8…e00f0x4db8…5E63MXN10.000.5804 USDC22 Sep 14:25 UTC

The next slot: debt 0011, numbered when its creditor signs.Record it

Debts

Reading the chain.

Try to break it.

Stale rates, underpayment, the wrong payer, a cycle settled twice: every attempt runs against the live contract, read-only, and is refused by name.

It answers in its own words: StaleFixing, Underpaid, NotDebtor, WrongCycleState.

Open the refusal room

Stated plainly

The four parties are wallets we control, for the demo. Every function is open, so anyone can record their own debts and cycles.
No audit. The contract has no owner and no admin key, but nobody else has reviewed it.
No currency changes hands. Debts are priced in five currencies and settled in USDC at the fixing; nobody receives pesos or yen.
Amounts are dollars, not thousands, because this is real money on mainnet.
This is milestone 2's contract. Milestone 1's, 0xcbEb…3ce7, stays on-chain as its own record, and has no cycles.

Read the verified contract

How a debt clears

Two paths. Every step is one transaction, final the moment it lands

On its own

1 / 4ProposedProposeThe creditor signsRecords what they're owed, in the currency they invoiced in. It counts for nothing yet.
2 / 4EndorsedEndorseThe debtor signsAgrees it's owed. Neither side can invent a debt the other didn't accept.
3 / 4Pay at the fixingThe debtor signsPays native USDC at today's Chainlink fixing: the rate the feed last published, never a live quote. A stale one is refused, and the one used is recorded.
4 / 4USDC outWithdrawThe creditor signsPulls the payout. Nothing is pushed, so one blocked account can't hold anyone else's money.

In a cycle, against everything else

1 / 4EnrollingEnrolBoth signA creditor bills into an open cycle, and the debt joins when its debtor endorses it. Enrolment closes at the cutoff.
2 / 4FixedFixAnyone signsAt the cutoff, one Chainlink read per currency prices every debt in the cycle. That one published rate is the fixing.
3 / 4FundedFundNet debtors signEach party's debts are set off against what it is owed, and only the difference, its net, is left. Only net debtors pay, once, before the deadline.
4 / 4Settle, or voidAnyone signsIf every net debtor funded, one transaction credits the creditors and nets every debt. If anyone didn't, the cycle is voided and every deposit comes back.