The InterContinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), says it plans to explore using Circle’s USDC stablecoin and the recently acquired USYC money market fund, to “develop new products and solutions”.
Specifically, it aims to use them in derivatives exchanges, clearinghouses, data services, including “building new markets” based on Circle’s products.
“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,” said NYSE President Lynn Martin. “We are excited to explore the potential use cases for USDC and USYC across ICE’s markets.”
It follows several other recent announcements by traditional financial institutions relating to tokenization and stablecoins. Fidelity is planning to issue a stablecoin, and the
