Stablecoins and tokenized assets can no longer be put aside, and Circle has just proven it with this integration into the markets of Wall Street. The ICE, the parent company of the New York Stock Exchange, wishes to join the USDC and the USYC in its services.
The USDC of Circle arrives on American scholarships
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), announced a partnership with Circle to study The integration of the USDC, its stablecoin, and token monetary funds (USYC) in its derivative markets and its compensation services. The agreement aims to explore how these 2 assets could be used within ICE platforms, thus strengthening the adoption of cryptocurrencies regulated by traditional institutions.
“” Circle's tokenized stablecoins and digital currencies can play an increasing role in the financial markets as they gain confidence “Said Lynn Martin, the president of the Nlysis on this subject. In other words, it is now impossible to ignore stablecoins and tokenized assets for traditional finance, which decidedly wishes to take advantage of it.
🗞️ The stablecoins come in force … to preserve the hegemony of the dollar
With a capitalization of $ 60 billion, the USDC is the 2nd stablecoin most capitalized behind the USDT of Tether. The USYC, on the other hand, is a tokenized monetary fund issued by Hashnote, a subsidiary of Circle.
This initiative is part of a broader dynamic of adoption of digital assets by finance giants and in a context of regulatory relaxation under the Trump administration: Fidelity recently made a request to launch a tokenized monetary fund, while CME Group is testing tokenization with Google Cloud. Giants combine with giants in the sector.
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In parallel, 2 bills supported by Donald Trump aim to strengthen the role of stablecoins in global payment infrastructure, the Genius Act and the Stable Act. The Crypto company of the Trump family, World Liberty Financial, also announced the development of a stablecoin backed by the dollar on the BNB Chain.
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Source: Bloomberg
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