A new pilot program introduced by CFTC, $BTC , $ETH , and $USDC can now be used as collateral in the U.S. derivatives markets.

It is a significant move in the convergence of crypto and conventional finance where digital assets have a closer place in institutional trading contexts.

By doing this, the regulator is expressing an optimistic view in the growing crypto market, yet being able to provide stringent levels of custody and oversight to maintain safety and compliance.

Implementation of crypto-backed collateral might trigger more profound liquidity, and attract more institutional users, and reinforce the market structural framework. Another indication that the process of integrating crypto into the U.S. is regulated is happening, step by step.