DTCC: "The Silent Giant" of Wall Street Joins the Stablecoin Race

DTCC - the "back-office" organization handling trillions of USD in global financial transactions - is quietly developing a USD-pegged stablecoin. This marks a significant turning point in their strategy to digitize financial infrastructure.

Digital Strategy of #DTCC

According to sources from The Information, DTCC is quietly developing a USD-pegged stablecoin to deeply integrate into payment, clearing, and asset custody systems. This move is led by Nadine Chakar, Global Head of Digital Assets at DTCC. DTCC emphasizes that stablecoins are becoming an efficient payment method, an essential part of the modern financial ecosystem.

In April, DTCC launched #appchain - a platform for managing tokenized collateral assets on Hyperledger Besu. The AppChain aims for instant securities payments rather than the traditional T+1, while ensuring compliance from the outset.

General Trends and Market Potential

DTCC is not alone. Major banks like Societe Generale and Bank of America are also experimenting with USD-pegged stablecoins. This trend is driven by the GENIUS Act - a bill currently being considered by the U.S. Congress to standardize stablecoin regulation.

Treasury Secretary Scott Bessent predicts that the USD-pegged stablecoin market could exceed 2 trillion USD in the next three years. This shows that stablecoins are being chosen by traditional financial institutions as a future payment infrastructure, rather than just a testing tool as before.