Stablecoins Take Over NYSE? 🤑💼

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Circle, the cool kids behind USDC, and Intercontinental Exchange (ICE), the folks who run the New York Stock Exchange, are buddying up to play with the idea of integrating stablecoins into ICE’s playground. 🎢🤝

They’ve signed a fancy piece of paper (MoU) on March 27, saying they’ll have a good ol’ look at sticking Circle’s USDC and USYC into ICE’s derivatives exchanges, clearinghouses, and other bits and bobs. 📝✨

“We’re totes excited about Circle’s stablecoins becoming BFFs with the US Dollar in the capital markets,” said Lynn Martin, the big cheese at the NYSE. “Let’s see what kind of shenanigans we can get up to with USDC and USYC!” 🤑💼

Meanwhile, the New York Stock Exchange is planning to keep the party going longer each week, and Nasdaq is eyeing up a 24/7 bash from 2026. 🎉🕺

Stablecoins: The New Swiss Bank Account? 🏦💸

Bitso’s “Crypto Landscape in Latin America 2024” report says stablecoins are all the rage down south, with USDC and USDt accounting for a whopping 39% of crypto buys. USDC is the cool kid on the block with 24% of the stablecoin action. 🌟🛒

Turns out, stablecoins are like a trusty piggy bank in places where local currencies are doing the downward dog faster than a yoga class. 🐷💵

Chainalysis says that in Latin America, stablecoins are the hot date, leaving Bitcoin to sit at the singles table. 💔🍷

With their low fees and lightning speed, stablecoins are the go-to for sending cash across borders and making international biz deals. 💸🌍

CEX.IO’s January 2025 report reveals that stablecoins were the life of the party in 2024, surpassing Visa and Mastercard’s combined volume. 🎉📈

Stablecoins racked up a mind-blowing $27.6 trillion in transfers last year, leaving Visa and Mastercard in the dust. 🏎💨

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2025-03-27 19:24