The U.S. CFTC launches a pilot program for digital asset collateral, allowing Bitcoin, Ethereum, and USDC to be used as margin in the derivatives market.

The CFTC's pilot program permits BTC, ETH, and USDC to be used as regulated derivatives margin, effectively giving an official stamp of approval to "on-chain assets = compliant collateral."

This step is not just positive news; it represents a fundamental change in the system: the capital markets' funding, risk control, and pricing logic must begin to make room for crypto assets.

Once the regulatory framework is smooth, the next question will not be "can it be used?" but rather "who dares not to use it?" $BTC $ETH

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