The U.S. CFTC launches a tokenized collateral program, allowing derivatives trading to use stablecoins

ChainCatcher News, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, announced the launch of the "Tokenized Collateral" program, allowing derivatives traders to use non-cash assets such as stablecoins as collateral to enhance market efficiency and transparency.

This initiative continues the pilot project conducted earlier this year in collaboration with Circle, Coinbase, Crypto.com, Ripple, and Moonpay, and invites industry feedback before October 20. This move is seen as an important step by the CFTC towards modernizing capital markets and clarifying cryptocurrency regulation.