Catenaa, Friday, June 13, 2025- The Depository Trust & Clearing Corporation, a linchpin of the global financial system, is exploring the creation of a stablecoin, signaling a potential leap into blockchain-based settlement, according to a report by The Information.
The SEC-registered post-trade clearinghouse has not formally announced the move, but in a recent blog post, DTCC acknowledged the “increasing use cases for stablecoins,” particularly in areas like corporate cross-border treasury management and payment systems.
“Stablecoins are emerging as an alternative settlement mechanism,” DTCC stated, citing improvements in payment efficiency and broader adoption across retail and securities markets. The initiative is being overseen by Nadine Chakar, the company’s Global Head of Digital Assets.
DTCC, which processes quadrillions of dollars in securities transactions annually, is regarded as the backbone of Wall Street’s back-office operations. A shift toward issuing or integrating a stablecoin would mark a notable shift in institutional acceptance of blockchain infrastructure.
The firm already has a presence in tokenized finance. In April, it launched AppChain, a blockchain-based platform for collateral management, designed to streamline traditionally siloed systems.
Major financial institutions have taken similar steps. Societe Generale and Bank of America are reportedly developing dollar-pegged digital tokens, encouraged by legislative momentum on the GENIUS Act, which aims to standardize stablecoin oversight.
U.S. Treasury Secretary Scott Bessent recently told Congress that dollar-backed stablecoins could surpass $2 trillion in market cap within three years.
DTCC has not responded to media inquiries regarding the stablecoin project.
