NYSE ICE and Circle To Develop New Solutions Using USDC and USYC Stablecoins

Highlights

ICE partners with Circle to integrate USDC and USYC into derivatives, bringing digital assets into traditional financial markets.
USDC’s market cap exceeds $60B, becoming a key player in digital currency, with widespread use beyond crypto.
Circle launches USDC in Japan via SBI VC Trade, expanding its global reach as Japan embraces crypto innovation. 2/2

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.

As cited by Lynn Martin, the president of the NYSE, the integration is to open great potential for wider adoption of Circle’s stablecoins across capital markets.

According to Martin, ”We think that our regulated stablecoins or tokenized digital currencies will be even more relevant to capital markets as the coins are expected to be accepted by fair and informed market players as another equivalent to USD.”

The two parties will seek to identify potential sectors where USDC and USYC are likely to be of relevance, which are aimed at promoting stability as well as efficiency in financial markets.

ICE’s Vision for Digital Currency Integration

To seek possible solutions that achieve tangible value addition to the company, ICE proposes examining how it might integrate Circle’s USDC and USYC into the organization’s workflow. As a player in the global financial markets, ICE offers technology and data solutions to many institutions.

By incorporating Circle’s digital assets, it will be able to perform a unique role of linking conventional financial structures and new digital currencies. USDC is a stablecoin developed by Circle, with each token having a value equivalent to that of one US dollar. It is fully supported by cash and cash equivalent securities and its redeemable at face value which makes it highly liquid.

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…

— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) March 27, 2025

With over $60 billion in circulation, USDC ranks among the largest stablecoins as of 2025 in March. The stablecoin is mainly used in the cryptocurrency market although it has extended its applicability to payment systems and cross border transactions. At the same time, Circle has listed its USDC stablecoin in Japan. This comes after one of Circle’s local partner was recently approved to list the digital currency after it got the green light from the regulators.

Exploring USYC as a Tokenized Money Market Solution

In conjunction with USDC, both ICE and Circle are expected to consider employing USYC, a money market fund tokenized. USYC is supposed to be a stable and efficient instrument for investing in short-term debt securities and its liquidity is as close to money market funds.

It is created by Hashnote, a company that was bought by Circle. As for now, Circle pursues the money market funds tokenization to make its shares more accessible, transparent, and efficient for investors interested in short-term loans without having a full-fledged business model.

Other potential uses of the USYC include the implementation of the system in ICE clearinghouses and other financials. This could provide additional approaches to addressing the issue of liquidity while also embracing blockchain capabilities for enhancing operations.

Regulatory Environment Amid Stablecoin Regulation Talks

As the regulatory landscape surrounding cryptocurrencies continues to evolve, the partnership between ICE and Circle signals a broader trend of traditional financial institutions adopting digital assets. Since all governments, including that of the United States, are developing legislation on stablecoins, the application and implementation of digital assets are likely to rise.

USDC is one of the most popular stablecoins in the world and its further perspective to become a reliable means of carrying out operations on financial markets is gradually developing. This collaboration may serve as a crucial point in the evolution of the digital currencies in the traditional finance as it enables the latter to create products that would correspond to the existing industry standards.

Both businesses are confident that their cooperation will help in enhancing the use of digital currencies and stablecoins in the global financial market. Given that many financial giants like Fidelity Investments and CME Group are also experimenting with tokenization and stablecoin solutions, it can be seen that mainstream adoption of digital assets is a growing trend.

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

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