The US Commodity Futures Trading Commission (CFTC) expanded its digital asset collateral framework on February 6. This update explicitly authorizes futures commission merchants (FCMs) to accept stablecoins issued by national trust banks as margin. Bank-Issued Stablecoins Enter US Derivatives Margin The revision, detailed in Staff Letter 25-40, serves as a critical course correction to guidance issued in December. That earlier framework had inadvertently created a two-tiered system by restricting eligib ...