Stablecoin issuer Circle and Intercontinental Exchange (ICE), which operates the New York Stock Exchange (NYSE), are working together to study the integration of stablecoins into ICE's operations.
They will study the integration of Circle's US dollar stablecoin (USDC) and US Yield Coin (USYC) into ICE's derivatives exchanges, clearing houses, data services and other systems, according to a memorandum of understanding announced March 27.
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Lynn Martin, president of the NYSE, said:
"We believe Circle’s 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. We are excited to explore the potential use cases for USDC and USYC across ICE’s markets."
This potential integration with stablecoins aligns with Nasdaq's announcement of 24-hour weekday trading beginning in 2026 and NYSE's plan to extend trading hours.