Intercontinental Exchange, the parent company of the New York Stock Exchange, said that it planned to explore the use of the reserve and the tokenized active ingredient in Circle to develop new products, joining a list of traditional American financial giants growing in the crypto under the Trump administration.
According to an agreement announced on Thursday, the two companies will examine how the USDC token market fund of Circle de Circle de Circle de Circle and Usyc could be integrated into the discussion of derivatives, the cakes and other services.
“We believe that the regulated stables of Circle and tokenized digital currencies can play a more important role in the capital markets as digital currencies become more reliable by market participants as an acceptable equivalent of the US dollar,” said Lynn Martin, president of the New York Stock Exchange in a press release. “We are delighted to explore potential use cases for the USDC and the USYC on the ICE markets.”
The USDC is the second largest stablecoin, dragging USDT from Tether. It has a market capitalization of $ 60 billion and is entirely supported by American government securities and equivalent assets in cash. USYC is a money token on the monetary market issued by Hashnote, which was acquired by Circle earlier this year.
Ice is the latest example of American financial giants plunging into the application of digital assets, stablecoins and tokenization as regulatory opposite winds on cryptographic industry calm up under the Trump administration.
In the past few days, Fidelity Investments, asset manager, has filed a fund to launch a monetary market fund and would work to issue a stablecoin, while CME Group exchange derivatives said that it was testing tokenization with the big distributed book of Google Cloud, aimed at launching new services next year. Tokenization is the process of setting up financial instruments such as obligations, funds and other titles on blockchain rails to pursue operational gains.
Martin pre-sapped the potential thrust of the company in digital assets last May during a Consensus 2024 round table, claiming that the scholarship was planning to offer an crypto exchange if the regulatory image in the United States was clearer.
