The US Commodity Futures Trading Commission is taking formal steps to classify stablecoins as legitimate collateral for derivatives trading.
The proposal, guided by the recently passed GENIUS Act, would grant stablecoins such as USDC and Tether a status equivalent to traditional assets like cash within regulated markets.
Acting Chair Caroline Pham opened a comment period until October 20, stating the agency will “work closely with stakeholders” on the implementation.
The move has been met with approval from the digital asset sector, which views the regulatory clarity as a critical step for the integration of blockchain technology into mainstream finance.
