On June 12, 2025, The Information reported that the Depository Trust & Clearing Corporation (DTCC), responsible for settling nearly all U.S. stock trades, is exploring the issuance of a U.S. dollar-backed stablecoin. This initiative is in its early stages, with the aim of facilitating trade settlements and asset movement across markets. (Source: The Information, June 12, 2025)
However, the DTCC's plans are contingent on the passage of stablecoin legislation by Congress. The organization processes $2 quadrillion in securities transactions annually and has previously experimented with distributed ledger technology and tokenized collateral. (Source: The Information, June 12, 2025)
This move aligns with the growing interest from major financial institutions in stablecoins and tokenized cash. The DTCC's potential involvement could signify a major shift towards institutional adoption of blockchain-based settlement. (Source: The Information, June 12, 2025)
The initiative comes amid a more favorable regulatory landscape, especially in the U.S., where lawmakers are reviewing multiple legislative proposals. Several global lenders, including Bank of America and Societe Generale, are also advancing their own stablecoin initiatives. (Source: The Information, June 12, 2025)