ICE and Circle to Explore Product Innovation

Intercontinental Exchange, a global provider of technology and data, and Circle Internet Group, a global financial technology company and stablecoin market leader, announced an agreement whereby ICE plans to explore using Circle’s stablecoin USDC, as well as tokenized money market offering US Yield Coin (USYC), to develop new products and solutions for its customers. Lynn Martin, President of the New York Stock Exchange, 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.” Circle’s USDC is a fully reserved stablecoin, otherwise known as a digital dollar, and is designed to maintain price equivalence to the US dollar. According to a story in MarketsMedia news. as of March 26, 2025, over $60 billion of USDC is in circulation. USDC reserves are backed by highly liquid cash and cash-equivalent assets making USDC redeemable 1:1 for US dollars. Under the MoU, Circle and ICE plan to collaborate to explore applications for using Circle’s stablecoins and other product offerings within ICE’s derivatives exchanges, clearinghouses, data services, and other markets, to deliver innovation and build new markets and product offerings based on Circle’s products.