Stablecoins continue to see increased adoption and expanded use cases due to low costs, transferability, and near-instant settlement times.
Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations.
The companies will explore the potential integration of Circle’s US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE’s derivatives exchanges, clearinghouses, data services and other systems, under a memorandum of understanding (MoU) announced March 27.
Lynn Martin, president of the New York Stock Exchange, issued this statement alongside news of the collaborative partnership:
