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TL;DR Circle and ICE (Intercontinental Exchange) have signed an agreement to explore the use of USDC and tokenized money market funds (USYC) in innovative financial products. USDC, with over $60 billion in circulation, is positioned as a reliable digital alternative to the US dollar, backed 1:1 by liquid reserves.
Intercontinental Exchange Inc. (NYSE:ICE), the operator of the New York Stock Exchange, has signed a memorandum of understanding with Circle (CRYPTO: USDC) to assess the use of Circle's USDC stablecoin and tokenized yield product, USYC. Under the agreement announced Thursday, ICE and Circle will jointly explore how USDC—a dollar-pegged stablecoin with over $60 billion in circulation—can be applied across derivatives, clearing, and data services offered by ICE.
ICE, the parent company of the New York Stock Exchange, enters into an agreement with Circle to explore the integration of the stablecoins USDC and USYC into its markets, paving the way for innovative and digitized financial solutions. The Intercontinental Exchange Inc. (ICE), parent company of the New York Stock Exchange (NYSE), has signed a memorandum of understanding with Circle Internet Group, a leading company in the fintech sector.
NYSE parent ICE and crypto titan Circle team up in a landmark move to turbocharge Wall Street's adoption of Circle's $60B stablecoin USDC and tokenized money market assets. ICE and Circle Partner to Explore Stablecoin-Based Financial Products Intercontinental Exchange Inc.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is exploring the integration of Circle's stablecoin products—USD Coin (USDC) and US Yield Coin (USYC)—across its financial infrastructure.
Intercontinental Exchange, the company that owns the New York Stock Exchange, has partnered with Circle to start integrating the USDC stablecoin and tokenized money market funds into its platforms.
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
The USDC extends its services into operations conducted by Japanese businesses worldwide. Circle strengthened its Japanese business commitments by taking on the role of USDC stablecoin developer.
Hyperliquid has seen over $340 million in USDC outflows following a controversy surrounding JELLY, a token that surged 429% before being delisted.
Circle's USDC stablecoin has reached a new all-time high, surpassing $60 billion in market capitalization.
USDC's market cap has hit an all-time high of $60.2 billion, doubling in just a year.
Circle USDC has reached $60 billion in market cap, marking a new high for the stablecoin as it continues its resurgence. According to Defillama, the stablecoin is now at $60.1 billion in circulating supply.
Stablecoin adoption accelerates as USDC reaches a record $60 billion in market cap, driven by Solana and Ethereum growth, new exchange listings in Japan, and regulatory approvals from Dubai to Asia-Pacific. The post USDC Hits Record $60B Market Cap – Stablecoin Adoption Rising? appeared first on Cryptonews.
USDC set a new all-time high market capitalization above $60 billion as adoption grows and its issuer, Circle, is rumored to be eyeing an IPO.
The USD Coin (USDC) stablecoin from Circle has just reached a record level with a market capitalization exceeding 60 billion dollars. This symbolic milestone is part of a broader trend of expansion in the stablecoin market, which now has a total capitalization exceeding 230 billion dollars.
The stablecoin economy has soared to an unprecedented zenith this week, buoyed by a $10.28 billion expansion in March, propelling its total valuation to $234.60 billion. Concurrently, Circle's USDC has eclipsed the $60 billion threshold for the first time. USDC Climbs While Treasury-Backed Tokens Disrupt Stablecoin Hierarchy Per the most recent data from defillama.
Circle's USDC stablecoin has reached a record $60 billion market cap, surpassing its previous high of $55 billion in June 2022.
Fidelity Investments, one of the world's largest asset management firms with $5 trillion in assets, is preparing to deepen its involvement in the crypto market by launching its own stablecoin.
USDC is distributed across multiple blockchains, with Ethereum holding the most at 36.2 billion tokens, followed by Solana with 10 billion.
SBI VC Trade launched USDC in Japan on March 26, marking the first regulatory approval for a global stablecoin in the country. Binance Japan, bitbank, and bitFlyer to list USDC soon, expanding access to regulated stablecoin trading.
USDC becomes Japan's first approved global stablecoin, launching March 26 on SBI VC Trade with more exchanges to follow.
Circle will launch the stablecoin USDC in Giappone on March 26 thanks to a partnership with SBI Holdings. The operation follows the approval of the Japan Financial Services Agency (JFSA) and represents a significant step for the adoption of digital currencies in the country.
Circle's USDC (USDC) has become the first and only stablecoin officially approved for use in Japan's regulated financial market. This marks a significant step toward mainstream adoption of the stablecoin in one of Asia's largest economies.
Circle announced it will launch the USDC stablecoin on the Japan SBI VC Trade cryptocurrency exchange on March 26.
