{"id":49381,"date":"2025-09-25T01:01:32","date_gmt":"2025-09-25T01:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49381"},"modified":"2025-09-25T01:01:32","modified_gmt":"2025-09-25T01:01:32","slug":"stablecoins-recognized-as-future-collateral-cftc-opens-public-consultation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49381","title":{"rendered":"Stablecoins Recognized As Future Collateral: CFTC Opens Public Consultation"},"content":{"rendered":"
\n

The US CFTC has launched an initiative to explore the use of stablecoins as collateral in derivatives markets, with public input open until Oct. 20th.<\/p>\n

CFTC Launches Initiative For Tokenized Collateral & Stablecoins In Derivatives<\/h2>\n

As revealed in a press release<\/a>, Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham has enacted an initiative for the use of tokenized collateral in derivatives markets. Stablecoins<\/a>, cryptocurrencies pegged to a fiat currency, are set to play a role in the effort.<\/p>\n

\u201cThe public has spoken: tokenized markets are here, and they are the future,\u201d said Pham. \u201cFor years I have said that collateral management is the \u2018killer app\u2019 for stablecoins in markets.\u201d<\/p>\n

The initiative is part of CFTC\u2019s \u201cCrypto Sprint<\/a>\u201d announced at the start of August. Pham introduced it to implement recommendations from the President\u2019s Working Group report on digital assets. The push mirrors the Securities and Exchange Commission\u2019s (SEC\u2019s) \u201cProject Crypto<\/a>.\u201d<\/p>\n

The President\u2019s Working Group report asked the CFTC to \u201cprovide guidance on the adoption of tokenized non-cash collateral as regulatory margin.\u201d The latest move comes in response to this recommendation and also builds on the regulator\u2019s Crypto CEO Forum held back in February 2025.<\/p>\n

The Acting Chairman noted:<\/p>\n

\n

At our historic Crypto CEO Forum, we discussed how innovation and blockchain technology will drive progress in derivatives markets, especially for modernization of collateral management and greater capital efficiency.<\/p>\n<\/blockquote>\n

The regulator has invited interested stakeholders to provide written feedback and suggestions on its website regarding the use of stablecoins as collateral in derivatives markets by October 20th. \u201cThe CFTC continues to move full speed ahead at the cutting edge of responsible innovation, and I appreciate the support of our industry partners,\u201d added Pham.<\/p>\n

Stablecoins have been enjoying capital inflows recently, with their combined market cap sitting at the $294 billion mark today, a new all-time high (ATH). Below is a chart from DeFiLlama<\/a> that shows how the market cap of these cryptocurrencies has changed during the last few years.<\/p>\n

\"Stablecoins<\/p>\n

From the graph, it\u2019s visible that stablecoins have been in a phase of growth since 2024, with inflows only accelerating recently. During the past week alone, the market cap of these fiat-tied tokens has increased by over $4 billion.<\/p>\n

In terms of the individual coins, Tether\u2019s USDT continues to be the most dominant, with its market cap of $173 billion accounting for almost 59% of the sector.<\/p>\n

\"Stablecoin<\/p>\n

Circle\u2019s USDC ranks second with a market cap of $73 billion, significantly below USDT, but nonetheless dominant in its own right considering its lead over the third largest stablecoin.<\/p>\n

Bitcoin Price<\/h2>\n

At the time of writing, Bitcoin is floating around $112,800, down more than 3% over the last week.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US CFTC has launched an initiative to explore the use of stablecoins as collateral in derivatives markets, with public input open until Oct. 20th. CFTC Launches Initiative For Tokenized Collateral & Stablecoins In Derivatives As revealed in a press release, Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham has enacted an initiative […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49381","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49381"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49381\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}