DTCC Investigates Stablecoins for Expanded Digital Asset Use

The Depository Trust & Clearing Corporation (DTCC), a major U.S. financial institution, is exploring the potential of issuing stablecoins to facilitate wider adoption of digital assets across different market sectors. According to industry sources, DTCC is considering this move if legislation in Washington allows for such tokens, with the intent of accelerating the utilization of digital currencies in various markets.