ICE and Circle Explore Stablecoin Use in Financial Markets

Intercontinental Exchange (ICE) signed an agreement with Circle to develop new financial products based on the USDC stablecoin and the tokenized tool US Yield Coin (USYC).

Intercontinental Exchange Inc. (ICE), a network of exchanges and clearinghouses operating across the U.S., Canada, and Europe, announced a strategic partnership with Circle Internet Group, the issuer of USDC, one of the world’s largest stablecoins. The collaboration aims to explore the potential of digital assets in creating new financial solutions and products for derivatives markets.

As part of the agreement, the companies will assess the use of USDC and USYC in derivatives trading, clearing systems, and other ICE financial services. The partnership focuses on developing innovative solutions and market products utilizing Circle’s digital assets.

Jeremy Allaire, CEO of Circle, highlighted that ICE’s global network provides new opportunities for integrating USDC into traditional financial systems. Meanwhile, Lynn Martin, President of NYSE (a subsidiary of ICE), emphasized the growing role of stablecoins and tokenized assets in the evolution of financial markets.

In 2024, Circle became the first licensed stablecoin issuer in Europe, and in 2025, USDC was officially recognized as a regulated crypto-asset by the Dubai International Financial Centre (DIFC). Last year, USDC’s market cap surged by 78% to $44 billion, while its annual transaction volume exceeded $18 trillion.