
Jeremy Allaire - jda.eth / jdallaire.sol|Mar 27, 2025 13:52
BREAKING NEWS: Global exchange and capital markets giant Intercontinental Exchange (ICE) and Circle moved towards the integration of USDC into their markets products and infrastructure.
In a major development in the stablecoin market, today we announced an agreement with ICE, to explore the integration of USDC and USYC into a broad range of traditional financial markets, exchanges and clearing houses.
The promise of fully reserved digital dollars that can function with the speed and cost efficiency of the Internet has already been realized within digital asset markets, and now, because of increasing regulatory clarity, the same transformative technology is going to find its way into the very heart of the global financial system – – as cash, collateral and settlement infrastructure for the fastest moving markets in the world.
I am so thrilled to be working with Jeff Sprecher and his broader leadership team to drive this innovation.
In many ways, such an industry development would have been unimaginable just a couple of years ago. But today we are seeing this accelerating convergence between the internet financial system, and the traditional financial system.
With the integration of USYC and USDC, we are fostering a world where yield bearing collateral can be instantly converted into cash for margin and derivatives trading. This infrastructure can improve the capital efficiency and safety of capital markets while also unlocking new capabilities only made possible through tokenization and programmable money onchain.
Forthcoming Federal stablecoin legislation will further accelerate these opportunities.
We are excited to get started now with one of the most significant capital markets infrastructure companies in the world.
http://www.circle.com/pressroom/ice-and-circle-sign-mou-to-explore-product-innovation-based-on-circles-usdc-and-usyc-digital-assets
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