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The parent company of the New York Stock Exchange explores new products related to the stablecoin USDC
The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to explore the use of stable USDC coins in new products as American financial firms expand towards digital currencies.
According to an agreement announced today, Thursday, ICE will look into how to integrate USDC and USYC into its derivatives and clearing platforms.
Lynn Martin, president of the New York Stock Exchange, stated that regulated stablecoins could play a larger role in capital markets as market confidence in them grows.
The market capitalization of USDC is about $60 billion, fully backed by U.S. cash assets, while USYC is a token for a money market fund managed by Hashnote, which was recently acquired by Circle.
This move comes as regulatory challenges recede under the Trump administration, where Fidelity Investments has applied to launch a tokenized money market fund, and CME is testing tokenization via a distributed Google Cloud ledger.
Martin had previously hinted in May 2024 that ICE could offer cryptocurrency trading if U.S. regulations become clearer.
#usdc #ICE #USYC #Circle #hashnote
$USDC
The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to explore the use of stable USDC coins in new products as American financial firms expand towards digital currencies.
According to an agreement announced today, Thursday, ICE will look into how to integrate USDC and USYC into its derivatives and clearing platforms.
Lynn Martin, president of the New York Stock Exchange, stated that regulated stablecoins could play a larger role in capital markets as market confidence in them grows.
The market capitalization of USDC is about $60 billion, fully backed by U.S. cash assets, while USYC is a token for a money market fund managed by Hashnote, which was recently acquired by Circle.
This move comes as regulatory challenges recede under the Trump administration, where Fidelity Investments has applied to launch a tokenized money market fund, and CME is testing tokenization via a distributed Google Cloud ledger.
Martin had previously hinted in May 2024 that ICE could offer cryptocurrency trading if U.S. regulations become clearer.
#usdc #ICE #USYC #Circle #hashnote
$USDC
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Circle acquires Hashnote, a major step in the digital asset market
Circle Internet Financial, the second-largest issuer of USDC stablecoin in the world, has just announced the acquisition of Hashnote, the issuer of the digital asset fund US Yield Coin (#USYC ). This is an important milestone, marking the merger between two "giants" in the stablecoin and on-chain money fund sector.
USYC – Leading digital money fund
Hashnote stands out with the USYC fund, one of the most popular digital assets (RWA) today with a total value locked (TVL) of approximately $1.25 billion, according to RWA.xyz. This fund focuses on income-generating assets such as U.S. government bonds, meeting the growing demand from investors for digital financial products.
USYC – Leading digital money fund
Hashnote stands out with the USYC fund, one of the most popular digital assets (RWA) today with a total value locked (TVL) of approximately $1.25 billion, according to RWA.xyz. This fund focuses on income-generating assets such as U.S. government bonds, meeting the growing demand from investors for digital financial products.
BlackRock's BUIDL first to cross $1 billion mark, making it the largest tokenized fund tracking onchain Treasuries. 🤝
BUIDL surpassed $1 billion in assets under management on Thursday, marking the first institutional-grade onchain fund to cross that milestone.
BlackRock’s first tokenized fund surpassed Franklin Templeton’s BENJI last April and has since overtaken Hashnote’s #USYC as the largest onchain fund.
BUIDL surpassed $1 billion in assets under management on Thursday, marking the first institutional-grade onchain fund to cross that milestone.
BlackRock’s first tokenized fund surpassed Franklin Templeton’s BENJI last April and has since overtaken Hashnote’s #USYC as the largest onchain fund.
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According to data, the value of tokenized U.S. Treasury bonds has soared to $4.07 billion, expanding by $1.57 billion over the past 103 days. Hashnote Short-Term Yield Coin (USYC) has the largest market capitalization, which has surged by $461.2 million from November 26 last year to date, rising from $495.07 million to $956.27 million. #加密市场观察 #CZ分享KOL时间代币化构想 #MtGox钱包动态 #国债 #USYC $BTC $ETH $SOL
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Circle Dominates the Market with the World's Largest Tokenized Currency Fund
Circle, the issuer of the USDC stablecoin, has just made a significant advance by acquiring the world's largest tokenized currency fund, Hashnote Short Duration Yield Coin (USYC), from Hashnote. This move marks a crucial turning point in the race for tokenization of real assets, a booming field.
USYC: A Tokenization Fund Worth $1.25 Billion
USYC is a type of digital currency backed by U.S. public debt and reverse repurchase agreements, with total asset value exceeding $1.25 billion, according to data from RWA. This is seen as a 'piece' that helps #Circle strengthen its competitive position against major rival Tether, which launched the Hadron tokenization platform last November.
USYC: A Tokenization Fund Worth $1.25 Billion
USYC is a type of digital currency backed by U.S. public debt and reverse repurchase agreements, with total asset value exceeding $1.25 billion, according to data from RWA. This is seen as a 'piece' that helps #Circle strengthen its competitive position against major rival Tether, which launched the Hadron tokenization platform last November.
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