The US CFTC launches a tokenized collateral program to allow the use of stablecoins in derivatives transactions

According to Odaily Planet Daily, Acting Chairwoman Caroline D. Pham of the U.S. Commodity Futures Trading Commission (CFTC) announced the launch of a "tokenized collateral" program, allowing derivatives traders to use non-cash assets such as stablecoins as collateral to improve market efficiency and transparency. This initiative builds on a pilot program launched in February with Circle, Coinbase, Crypto.com, Ripple, and Moonpay. The industry is invited to submit comments by October 20th. This move is seen as a significant step forward for the CFTC in modernizing capital markets and clarifying crypto regulation.