CME Group CEO says company is considering its own coin

The U.S.-based Chicago Mercantile Exchange (CME) Group is considering issuing its own coin, Coindesk reported. CEO Terry Duffy said the company is looking into launching its own token that would operate on a decentralized network, suggesting that a token from a major financial institution would be more trustworthy for margin trading than one from a third or fourth-tier bank. Duffy added that CME is exploring various plans using its own coin, not just tokenized cash. The company is reportedly collaborating with Google on a "tokenized cash" solution scheduled for release later this year. When asked whether the potential coin would be a stablecoin, a payment token, or serve another purpose, Duffy did not comment.