CFTC Eyes Stablecoins as Collateral – A Big Win for Best Wallet & $BEST Token
The U.S. Commodity Futures Trading Commission (CFTC) is considering a plan that would allow tokenized assets, including stablecoins, to serve as collateral in derivatives markets. If approved, stablecoins like $USDC and $USDT would be treated as traditional collateral, like cash or US Treasurys in regulated derivatives markets. This is excellent news for Best Wallet and […]
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The US CFTC has launched an initiative to explore the use of stablecoins as collateral in derivatives markets, with public input open until Oct. 20th. CFTC Launches Initiative For Tokenized Collateral & Stablecoins In Derivatives As revealed in a press release, Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham has enacted an initiative […]
Quick Facts: ➡️ Stablecoins are emerging as a reliable on-ramp for investors seeking the benefits of crypto without the volatility typically associated with traditional assets. ➡️ The rise of stablecoins signals a broader shift toward mainstream adoption of digital assets. ➡️ Best Wallet Token ($BEST) taps into this demand by offering a user-friendly platform that […]
As long as stablecoin “liquidity is growing proportionally with each other," there won’t ever be true competition between stablecoins, says Frax Finance's Sam Kazemian. Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance.Speaking to Cointelegraph, Kazemian explained that as long as stablecoin “liquidity is growing proportionally with each other” through shared liquidity pools and collateral schemes, there won’t ever be true competition between stablecoins. Kazemian’s FRAX....
Only recently has the world of finance open its eyes to the potential of Bitcoin. As the asset’s price climbs, the various use cases it could serve also comes to light. According to new data, as much as 5% of the total BTC supply is projected to be used as collateral by the year 2023. Here’s why Bitcoin is quickly becoming the collateral asset of choice, and how the cryptocurrency can achieve such penetration within […]
The settlement triggered concerns that the CFTC's role in stablecoin regulation could be misunderstood by the public. On Oct. 15, the Commodity Futures Trading Commission, or CFTC, handed sister crypto companies Tether and Bitfinex fines totaling $41 million and $1.5 million, respectively, citing violations of the Commodity Exchange Act, or CEA, and of a prior CFTC order.The regulator has found that Tether, the firm behind an eponymous stablecoin, has only held sufficient fiat reserves to back the dollar-pegged asset for 27.6% of time during the 26-month period under review between 2016....