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US CFTC approves Ethereum, Bitcoin, and USDC as collateral for derivative markets
Summary: According to The Block, the US Commodity Futures Trading Commission (CFTC) acting chairman Caroline Pham has introduced a digital asset pilot program allowing specific cryptocurrencies to be used as collateral in derivative markets. The pilot program will initially be limited to Bitcoin, Ethereum (ETH), and USDC as collateral in derivative markets. This announcement builds upon ...
According to The Block, the US Commodity Futures Trading Commission (CFTC) acting chairman Caroline Pham has introduced a digital asset pilot program allowing specific cryptocurrencies to be used as collateral in derivative markets. The pilot program will initially be limited to Bitcoin, Ethereum (ETH), and USDC as collateral in derivative markets. This announcement builds upon an initiative launched by the CFTC in September this year to expand the use of tokenized collateral (especially stablecoins) in derivative markets.
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Link: US CFTC approves Ethereum, Bitcoin, and USDC as collateral for derivative markets [Copy]
