Financial market giant, the Depository Trust & Clearing Corporation (DTCC), is exploring stablecoins.

BlockBeats reports on June 12 that, according to The Information, insiders have revealed that a lesser-known company at the core of the U.S. financial system is exploring the issuance of a stablecoin. This initiative could potentially accelerate the adoption of digital assets across various markets.

This company is the Depository Trust & Clearing Corporation (DTCC), the clearing institution responsible for handling U.S. stock trades.