CFTC to Allow Stablecoins as Collateral in US Derivatives Markets

CFTC Chair Caroline Pham announced a plan to allow stablecoins as collateral for US derivatives markets. This would significantly lower retail traders’ barrier to entry for riskier TradFi bets. So far, the plan is non-binding, but it enjoys support from crypto firms like Coinbase, Circle, Ripple, and more. The public has until October 20 to submit feedback for this high-risk, high-reward experiment source: https://beincrypto.com/cftc-stablecoin-derivatives-collateral-risky-bets/