Paul Grewal Backs CFTC Stablecoin Collateral Plan in $600T U.S. Derivatives Market With Ripple and Circle
- CFTC aims to bring stablecoins into the $600T U.S. derivatives market.
- Coinbase, Ripple, and Circle back Caroline Pham’s tokenized collateral plan.
- Public comments open until October 20 before rulemaking is finalized.
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to let stablecoins and other tokenized assets serve as collateral in America’s $600 trillion derivatives market.
Acting chair Caroline Pham said the work is part of the agency’s “crypto sprint,” aimed at cutting costs and boosting liquidity without losing oversight.
“Since January, the CFTC has been taking steps to bring blockchain into derivatives markets,” Pham said. She framed tokenized collateral as a way to modernize collateral management and unlock capital efficiency.
How the Plan Works
The CFTC will work with industry leaders including Ripple, Coinbase, C…
Read The Full Article Paul Grewal Backs CFTC Stablecoin Collateral Plan in $600T U.S. Derivatives Market With Ripple and Circle On Coin Edition.
Read More
China-Backed Offshore Yuan Stablecoin Debuts in Kazakhstan Under Regulation
The Origin Story of Bitcoin Treasury Companies: Cash Is a Liability
Paul Grewal Backs CFTC Stablecoin Collateral Plan in $600T U.S. Derivatives Market With Ripple and Circle
- CFTC aims to bring stablecoins into the $600T U.S. derivatives market.
- Coinbase, Ripple, and Circle back Caroline Pham’s tokenized collateral plan.
- Public comments open until October 20 before rulemaking is finalized.
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to let stablecoins and other tokenized assets serve as collateral in America’s $600 trillion derivatives market.
Acting chair Caroline Pham said the work is part of the agency’s “crypto sprint,” aimed at cutting costs and boosting liquidity without losing oversight.
“Since January, the CFTC has been taking steps to bring blockchain into derivatives markets,” Pham said. She framed tokenized collateral as a way to modernize collateral management and unlock capital efficiency.
How the Plan Works
The CFTC will work with industry leaders including Ripple, Coinbase, C…
Read The Full Article Paul Grewal Backs CFTC Stablecoin Collateral Plan in $600T U.S. Derivatives Market With Ripple and Circle On Coin Edition.
Read More
China-Backed Offshore Yuan Stablecoin Debuts in Kazakhstan Under Regulation