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.
‘Since January, the CFTC has taken clear action to usher in America’s Golden Age of Crypto,’ said Acting Chairman Pham.
‘At our historic Crypto CEO Forum, we discussed how innovation and blockchain technology will drive progress in derivatives markets, especially for modernization of collateral management and greater capital efficiency. These market improvements will unleash US economic growth because market participants can put their dollars to work smarter and go further.’
The agency is also encouraging stakeholders to give feedback on tokenized collateral in derivatives markets until October 20.
The mobile wallet (available on Google Play and iOS) supports over 1K assets, soon across 60 networks, making it a go-to hub for managing your cryptos in one place.
As a non-custodial wallet, it’s a highly secure option; it gives you full control over your private keys, plus includes additional safeguarding measures such as 2FA, biometrics, and in-app scam filters.
Meanwhile, its cutting-edge features add even more value to the overall Best Wallet experience. Its built in launchpad, for instance, allows you to explore top crypto presales directly inside the app. By removing the need to connect to third-party sites, it reduces exposure to risks.
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In fact, $BEST plays a major role in the entire ecosystem. It unlocks key benefits for holders, including reduced fees, high-yield staking rewards (currently at 82% APY), governance rights, and early access to presales.
We’re not financial advisors. Always DYOR and never invest more than you’d be sad to lose.
