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 for the use of tokenized collateral in derivatives markets. Stablecoins , cryptocurrencies pegged to a fiat currency, are set to play a role in the effort.

“The public has spoken: tokenized markets are here, and they are the future,” said Pham. “For years I have said that collateral management is the ‘killer app’ for stablecoins in markets.”

The initiative is part of CFTC’s “ Crypto Sprint ” announced at the start of Aug

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