Stablecoin firm Circle, the issuer of the USDC dollar-pegged token, is exploring potential stablecoin integration with the Intercontinental Exchange's systems.
Stablecoin issuer Circle and Intercontinental Exchange , the company that operates the New York Stock Exchange among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations.
) and its US Yield Coin into ICE’s derivatives exchanges, clearinghouses, data services and other systems, under a memorandum of understanding announced March 27. Lynn Martin, president of the New York Stock Exchange, issued this statement alongside news of the collaborative partnership: “We believe Circle’s stablecoins and tokenized digital currencies can play a larger role in capital markets as digital currencies become more trusted by market participants as an acceptable equivalent to the US Dollar. We are excited to explore the potential use cases for USDC and USYC across ICE’s markets.”‘Stablecoin multiverse’ begins: Tether CEO Paolo ArdoinoThe report added that stablecoins have become a store of value against rapidly depreciating local currencies due to significant inflation pressures.Bitcoin price rally stalls as gold nears record $3.1K
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