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The Depository Trust & Clearing Corporation (DTCC), a key player in U.S. financial markets, is reportedly considering the launch of a U.S. dollar-backed stablecoin. The move could revolutionize trade settlement and asset transfers, pending regulatory clarity from Congress.
- DTCC processes $2 quadrillion annually and is evaluating a stablecoin to streamline settlements.
- Regulatory clarity from Congress is a prerequisite for DTCC's stablecoin launch.
- Major financial institutions like Bank of America and Visa are also advancing stablecoin initiatives.
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