CFTC officially launches digital asset pilot: BTC/ETH/USDC can be used as collateral for derivatives

2025-12-08 23:40:17

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[BlockBeats] Major news broke on December 9th—Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), just announced the launch of a “Digital Asset Pilot Program.”

The core of this pilot? Allowing cryptocurrencies to be used as collateral for derivatives trading. But hold on—the initial phase is limited to just three: Bitcoin, Ethereum, and USDC.

This move has been in the works for a while. Back in September, the CFTC was already pushing for the adoption of tokenized collateral, especially the use of stablecoins in the derivatives market. Now, this pilot program is making those ideas a reality.

For traditional financial institutions, this could be a signal—the regulators are actively exploring ways to integrate crypto assets with the traditional derivatives market. BTC and ETH are expected choices, but the inclusion of USDC is particularly noteworthy, marking another step forward for the compliance status of stablecoins.

BTC-0.12%

ETH0.72%

USDC0.01%

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SignatureVerifier

· 12-10 16:33

technically speaking, they're just papering over the real risk exposure here... has anyone actually audited what happens when btc volatility spikes? trust but verify, and i'm not seeing sufficient validation on the collateral liquidation mechanics

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RektButAlive