The Block reported: According to (The Information), the core institution of global financial market infrastructure—the Depository Trust & Clearing Corporation (DTCC)—is working on developing a stablecoin, marking the institution's growing interest in the digital asset space.
DTCC recently pointed out in a blog that the use cases for stablecoins are increasing, covering key applications such as corporate cross-border fund management and payment systems.
Although DTCC has not publicly responded to the news of developing stablecoins, its blog clearly states: "Stablecoins are gradually becoming an alternative settlement mechanism, demonstrating clear blockchain application value in improving payment efficiency."
"With the continuous update of payment infrastructure, stablecoins have now become one of the payment options, suitable for various ecological segments ranging from retail cross-border transactions to securities settlement." — DTCC Blog
As a registered entity with the U.S. Securities and Exchange Commission (SEC), DTCC processes tens of trillions of dollars in securities transactions annually through its subsidiaries, primarily providing post-trade clearing, settlement, custody, and data services.
This news related to stablecoins indicates that the institution is further extending its reach into the blockchain and digital asset direction. Currently, DTCC's digital asset business is led by Global Head of Digital Assets Nadine Chakar.
This is not DTCC's first foray into blockchain infrastructure. In April of this year, DTCC launched the AppChain tokenized collateral management platform, aimed at connecting traditionally isolated financial systems and providing an on-chain bridge for cross-platform asset management.
Meanwhile, DTCC is not the only large institution exploring the potential of stablecoins. For example, **Société Générale and Bank of America** are also actively researching the issuance of dollar-pegged tokens, influenced mainly by the (GENIUS Act) aimed at regulating the U.S. stablecoin regulatory framework.
At a Senate hearing held on Wednesday, U.S. Treasury Secretary Scott Bessent stated that the dollar-backed stablecoin market is expected to exceed $2 trillion in the next three years.