Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has entered into a memorandum of understanding (MoU) with Circle Internet Group to explore new product innovations using Circle’s USDC stablecoin and USYC tokenized money market fund.
The collaboration aims to leverage the capabilities of these digital assets to enhance ICE’s existing offerings across its various markets and services.
NYSE ICE and Circle To Develop New Solutions Using Stablecoin
The partnership between NYSE’s ICE and Circle is designed to integrate Circle’s stablecoin, USDC, and the tokenized money market fund, USYC, into ICE’s range of services, including derivatives exchanges and clearinghouses.
According to Lynn Martin, President of the NYSE, the collaboration will provide significant opportunities for Circle’s stablecoins to be used more extensively in capital markets.
Martin stated, “We believe Circle’s regulated stablecoins and tokenized digital currencies can play a larger role in capital markets as digital currencies become more trusted by market participants as an acceptable equivalent to the US dollar.” The two companies will work together to explore potential use cases for USDC and USYC, which are intended to offer stability and efficiency in financial markets.
This Is A Developing News, Please Check Back For More
The post Just In: NYSE’s ICE and Circle To Develop New Solutions Using USDC and USYC Stablecoins appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed