CFTC Moves to Add Stablecoins in Derivatives Collateral
The post CFTC Moves to Add Stablecoins com. CFTC aims to bring stablecoins into the $600T U. S. derivatives market. Coinbase, Ripple, and Circle back Caroline Phams 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 Americas $600 trillion derivatives market. Acting chair Caroline Pham said the work is part of the agencys 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, Circle, and Crypto. com to shape the rollout. Coinbase CLO Paul Grewal called the shift a major step forward for U. S. markets. He argued that tokenized collateral backed by stablecoins will reduce costs, deepen liquidity, and improve efficiency across the board. Tokenized collateral and stablecoins can unlock US derivatives markets and put us ahead of global competition. Really exciting to see @CFTC put together this initiative to modernize the market by increasing efficiency, reducing costs, and upping liquidity to the benefit of all. paulgrewal. eth (@iampaulgrewal) September 23, 2025 Circle president Heath Tarbert said the plan builds on the GENIUS Act and the Trump administrations Digital Asset Markets report. Both laid the groundwork for regulated use of blockchain in U. S. finance. Crypto. com CEO Kris Marszalek went further, saying the CFTCs push could mark Americas Golden Age of crypto. He pointed to the potential use of Bitcoin and other non-cash collateral to widen access to U. S. derivatives markets. Related: SEC and CFTC Issue Vague Crypto Statement, But Lawyers Say Nothing Has Changed The CFTC is inviting. Continue reading CFTC Moves to Add Stablecoins in Derivatives Collateral