Intercontinental Exchange, the parent company of the New York Stock Exchange, said it plans to explore the use of circle stablocoin and tokenized assets to develop new products, joining a list of US traditional financial giants that push cryptography under the Trump administration.
According to an agreement announced on Thursday, the two companies will analyze how the USDC Stablecoin de Circle and the Tokenized Usyc monetal market could be integrated into exchanges of derivatives, cleaning and other services.
“We believe that the regulated stablecoins of Circle and the tokenized digital currencies can play a more important role in capital markets as market participants become more reliable as an equivalent acceptable to the US dollar,” said Lynn Martin, president of the New York Stock Exchange in a statement. “We are excited to explore the possible cases of use for USDC and USYC in ICE markets.”
USDC is the second largest Stablecoin, which follows Tether’s USDT. It has a market capitalization of $ 60 billion and is totally supported by values of the US government and cash equivalent. USC is a background token of the money market issued by Hashnote, which was acquired by Circle earlier this year.
ICE is the last example of the United States financial giants that deepen the application of digital, stable and tokenization assets as winds against regulatory on the cryptographic industry decrease under the Trump administration.
In recent days, the Fidelity Investments asset manager presented to launch a tokenized money market fund and, according to the reports, is working on the issuance of a stablecoin, while the CME Group exchange derivatives said that the tokenization is tested with the private distributed book of Google Cloud, with the aim of launching new services next year. Tokenization is the process of placing financial instruments such as bonds, funds and other values in blockchain rails for operational profits.
Martin foreshadowed the company’s potential impulse in digital assets last May in a 2024 consensus discussion panel, saying that the exchange would consider offering cryptographic trade if the regulatory image in the United States was clearer.
