US CFTC Proposes Allowing Stablecoins as Tokenized Collateral
BlockBeats News, November 9, according to informed sources, the U.S. Commodity Futures Trading Commission (CFTC) is formulating a tokenized collateral policy, which is expected to be introduced early next year. This policy may allow stablecoins to be used as acceptable tokenized collateral in the derivatives market, possibly starting with a pilot at U.S. clearinghouses, and will implement stricter regulations requiring more disclosures, such as position sizes, large traders and trading volumes, as well as more detailed reporting of operational events.
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MoreData: If ETH falls below $3,341, the cumulative long liquidation intensity on major CEXs will reach $1.155 billions
Data: In the past 24 hours, total liquidations across the network reached $235 million, with long positions liquidated for $95.18 million and short positions liquidated for $140 million.
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