So, apparently the New York Stock Exchange is getting in on the crypto craze. 🤪 Intercontinental Exchange (ICE), which owns the NYSE, just signed a fancy “memorandum of understanding” with Circle Internet Group to play around with stablecoins. You know, those digital currencies that pretend to be worth a dollar?
They’re talking about using Circle’s USDC stablecoin and USYC tokenized money market fund to shake up ICE’s whole operation, which includes things like derivatives exchanges and clearinghouses. Apparently, Lynn Martin, President of the NYSE, thinks these stablecoins will be huge in the future. “Digital currencies are becoming more trusted by market participants as an acceptable equivalent to the US dollar,” she said.
Translation: “We’re scared of missing out, so let’s try this thing before everyone else does.”
The two companies are going to brainstorm ways to use these digital assets, which they claim will make financial markets more efficient. Because, you know, nothing screams efficiency like a bunch of tech bros throwing money at a problem. 💸
Stay tuned, because this is definitely going to be interesting… or at least a good story to tell at your next cocktail party.
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2025-03-27 16:59