Intercontinental Exchange, the parent company of the New York Stock Exchange, plans to explore using Circle’s stablecoin and tokenized assets to develop new products. This move aligns with other US financial giants venturing into crypto.
Announced on Thursday, the agreement between the two firms will examine integrating Circle’s USDC stablecoin and USYC tokenized money market fund into derivatives exchanges, clearinghouses, and other services.
“We believe Circle’s regulated stablecoins and digital currencies can play a significant role in capital markets as they gain trust as an equivalent to the US dollar,” said Lynn Martin, president of the New York Stock Exchange. “We are eager to explore the potential use cases for USDC and USYC across ICE’s markets.”
