Source: Cointelegraph Original: "{title}"
Stablecoin issuer Circle is collaborating with the Intercontinental Exchange (ICE) — the company that operates the New York Stock Exchange (NYSE) and provides clearing services — to explore the potential integration of stablecoins into ICE's operations.
According to a memorandum of understanding (MoU) announced on March 27, the two parties will investigate the potential of integrating Circle's US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE's derivatives exchanges, clearinghouses, data services, and other systems.
Lynn Martin, President of the New York Stock Exchange, made the following statement while announcing this partnership: "We believe that as market participants gain confidence in digital currencies and view them as acceptable equivalents to the US dollar, Circle's stablecoins and tokenized digital currencies will play a more significant role in capital markets. We are excited to explore the potential use cases for USDC and USYC in the ICE markets."
Following Nasdaq's announcement of 24-hour trading days starting in 2026 and the NYSE's plans to extend trading hours during the week, the shift of traditional financial markets towards a more globalized direction may also see stablecoins and tokenized products in the real world being incorporated into exchange settlement systems.
The stablecoin market is segmented by major issuers. Source: RWA.XYZ
Stablecoins as a store of value in developing regions
According to the "2024 Latin America Cryptocurrency Market Report" released by Bitso, stablecoins, including Tether's USDT and Circle's USDC, accounted for 39% of cryptocurrency purchases in the region, with USDC making up 24% of the total stablecoin volume.
The report also noted that due to rapid local currency devaluation and significant inflationary pressures, stablecoins have become a store of value against local currency depreciation.
A 2023 report by Chainalysis found that stablecoins accounted for the vast majority of the cryptocurrency value received in Latin America, with individuals preferring to use tokenized fiat currency tools as a store of value rather than Bitcoin (BTC).
USDC is the most widely held and transferred cryptocurrency in Latin America. Source: Bitso
Low transaction costs, convenience, and speed of cross-border transfers make stablecoins an ideal choice for remittances and international business.
These characteristics have driven a sharp increase in stablecoin adoption in 2024. According to a report released by CEX.IO in January 2025, the volume of stablecoin transfers in 2024 exceeded the total transfer volume of Visa and Mastercard.
In 2024, the volume of stablecoin transfers reached $27.6 trillion, surpassing the combined transfer volume of Visa and Mastercard by 7.7%.
Related: Coinbase Ventures head states, "We are optimistic about stablecoins, the next generation of DeFi."
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