Intercontinental Exchange (ICE), the parent company of NYSE, is actively exploring the potential utilization of Circle’s stablecoin, USDC, and its tokenized money market solutions.
As part of a recently established Memorandum of Understanding, ICE aims to assess applications for integrating Circle’s USDC stablecoin and US Yield Coin across its derivatives exchanges, clearinghouses, data services, and various other financial markets.
Lynn Martin, President of NYSE, expressed confidence in the evolving role of Circle’s stablecoins and tokenized digital currencies, stating, “We believe that as digital currencies gain acceptance among market participants as a viable alternative to the US Dollar, they can significantly influence capital markets.”
Jeremy Allaire, CEO of Circle, shared his enthusiasm for the partnership, noting, “ICE’s esteemed reputation and extensive global network across diverse markets provide a unique opportunity for Circle to incorporate USDC into significant new use cases, and we are excited about the prospect of innovating together.”