The U.S. CFTC has approved Ethereum, Bitcoin, and USDC as eligible collateral for the derivatives market.

BlockBeats News, December 9th, according to The Block, in the latest financial market move, Caroline Pham, acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), has launched a "Digital Asset Pilot Program," allowing specific cryptocurrencies to be used as collateral in the derivatives market. The pilot program will initially be limited to Bitcoin, Ethereum (ETH), and USDC as collateral in the derivatives market.

This announcement builds on an initiative promoted by the CFTC in September of this year, aiming to expand the use of tokenized collateral (especially stablecoins) in the derivatives market.