Entercontinental Exchange (ICE), the parent exchange company in New York (NYSE), integrate integration circle Stablecoin products –US dollar currency (USDC) The United States is the USC (USC) – its financial infrastructure.
According to March 27 advertisementThe initiative will study how this stablecoins can be combined with ICE exchange, clearing operations, and market data platforms.
Usdc, the leading StableCoin, crossed a 60 billion dollar sign in the market value, making it the second largest Stablecoin in the world after Tether’s USDT.
The original is supported by the reserves that are managed through the Circle Reserve Fund, a government market fund in the money market registered with the US Securities and Exchange Committee.
Since its launch in 2018, USDC has grown to support hundreds of millions of portfolios and serves a wide range of use cases – from facilitating encryption trading to enabling unanimous global payments and maintaining the value of the dollar in a digital form.
ICE also explores Usyc’s Circle, which is the latest 3.8 % newly returned assets. Usyc is Backed Through the shortest tools of the US Treasury and the tools related to linking. He – she I grew up from HashnoteThe encryption platform department obtained earlier this year.
Lyn Martin, President of the New York Stock Exchange, expressed optimism about the increasing role organized in traditional financing. She noted that assets such as USDC and USC can provide effective and confidential alternatives to traditional faints in institutional markets.
The institutional interest in Stablecoins rises
The ICE step shows the increasing interest from the Legacy institutions in Stablecoins, especially since the organizational scene begins to reach the form.
On March 26, American lawmakers a Bill Landmark Steplkwin To make the formal nature to the standards of the digital dollar.
The proposed legislation requires the approval of Stablecoin as banks, unlicensed or organized entities.
Through monthly reports and audit reviews, these individual distinctive symbols should be supported with cash or low -risk government assets. The list also prohibits the algorithm Stablecoins for a period of two years and restricts the use of icons issued by a foreigner unless it meets the American regulatory standards.
This level of organizational clarity appears to attract traditional financial institutions that have begun to explore the sector.
pregnancy CEO Paulo Erdino This was confirmed in a modern x publication, Saying:
“The Stablecoin Multiverse. Hundreds of companies and governments are launched (or will do so soon) Stablecoins.”
Pamphlet NYSE Company Proparanting USDC and USC Stablecoins for Financial Systems First appear on Cryptoslate.
