NYSE parent ICE teams with Circle on stablecoin and tokenization plans
Intercontinental Exchange, the parent company of the New York Stock Exchange, signed an agreement with Circle Internet Financial to explore using the USDC Stablecoin and USYC, a monetary market fund in traditional financial markets.
Collaboration aims to assess the applications of Circle Digital assets through the exchange of ice derivatives, employees and market data services.
ICE’s decision reflects a broader trend of large financial institutions incorporating staboins and token assets in their operations.
“We believe that the staboins of Circle and tokenized digital currencies can play a more important role in the capital markets,” said Lynn Martin, president of the NYSE.
USDC du Cercle (USDC), the second largest stablecoin by market capitalization, is supported by American government securities and equivalent assets in cash, maintaining an ankle 1: 1 in the dollar.
Business Recently acquired hashnoteThe USYC transmitter, expanding its presence in token finance.
THE agreement highlights the growing institutional adoption of blockchain -based financial instruments. Other large companies, including Fidelity and CME Group, have also launched initiatives exploring Stablecoin applications and the tokenization of assets.
Ice and Circle will assess potential use cases and regulatory managers before deploying new financial products according to digital assets.
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