CFTC Eyes Stablecoins as Collateral – A Big Win for Best Wallet
The U.S. Commodity Futures Trading Commission (CFTC) is contemplating a plan that will permit tokenized belongings, together with stablecoins, to serve as collateral in derivatives markets.
If authorised, stablecoins like $USDC and $USDT can be handled as conventional collateral, like money or US Treasurys in regulated derivatives markets.
This is good news for Best Wallet. As stablecoins change into more and more credible and precious to carry, the pockets’s safe, user-friendly design makes it the proper place to retailer and transact with high ones – alongside different digital belongings.
The CFTC to ‘Usher in America’s Golden Age of Crypto’
Yesterday, appearing CFTC chair Caroline Pham announced that the initiative builds on the CFTC’s profitable Crypto CEO Forum held in February. Moreover, it varieties a part of its broader ‘crypto sprint‘ to implement suggestions from the President’s Working Group on Digital Assets.
‘Since January, the CFTC has taken clear motion to usher in America’s Golden Age of Crypto,’ mentioned Acting Chairman Pham.
‘At our historic Crypto CEO Forum, we mentioned how innovation and blockchain know-how will drive progress in derivatives markets, particularly for modernization of collateral administration and higher capital effectivity. These market enhancements will unleash US financial progress as a result of market members can put their {dollars} to work smarter and go additional.’
Strengthening this push, the brand new initiative additionally aligns with the GENIUS Act, a brand new framework for licensed cost stablecoins for use throughout TradFi markets.
The company can also be encouraging stakeholders to offer suggestions on tokenized collateral in derivatives markets till October 20.
By providing a safe, non-custodial pockets, Best Wallet makes it simple for you to profit from the rising legitimacy of stablecoins, and thus crypto typically.
Securely Manage Major Stablecoins & Cryptos on Best Wallet
Best Wallet enhances the way you work together with digital belongings, whether or not stablecoins like $USDT and $USDC, high cryptos like $BTC or $ETH, and even the best meme coins, $DOGE and $SHIB.
The cell pockets (obtainable on Google Play and iOS) helps over 1K belongings, quickly throughout 60 networks, making it a go-to hub for managing your cryptos in a single place.
As a non-custodial pockets, it’s a extremely safe possibility; it provides you full management over your non-public keys, plus contains extra safeguarding measures such as 2FA, biometrics, and in-app rip-off filters.
Most of the $2.1B stolen crypto through the first half of 2025 came from private key exploits and front-end compromises, making such protections extra crucial than ever.
Meanwhile, its cutting-edge options add much more worth to the general Best Wallet expertise. Its in-built launchpad, for occasion, permits you to discover high crypto presales instantly contained in the app. By eradicating the necessity to hook up with third-party websites, it reduces publicity to dangers.
Another spotlight is its seamless cross-chain swaps. It connects with 330+ DEXs and 30 bridges so you’ll be able to seamlessly swap high cryptos for the most effective charges available on the market.
And that’s not all. Best Wallet has many future developments within the pipeline, together with a crypto debit card (Best Card), NFT gallery, restrict orders, and market intelligence analytics (to say just a few!).
The challenge’s native token, $BEST, will assist propel Best Wallet’s use instances to higher heights. It units apart 1 / 4 of its complete token provide to product improvement.
In reality, $BEST performs a significant position in all the ecosystem. It unlocks key advantages for holders, together with lowered charges, high-yield staking rewards (at present at 82% APY), governance rights, and early entry to presales.
To assist propel Best Wallet to even rosier pursuits and reap the perks, you’ll be able to buy $BEST on presale for simply $0.025685. And you actually wouldn’t be the one one – it has already raised over $16M, in spite of everything.
With lower than ten hours till its subsequent worth enhance, there’s no higher time to affix. This is particularly true when contemplating that our Best Wallet price prediction forecasts $BEST reaching $0.072 this 12 months, following alternate listings.
We’re not monetary advisors. Always DYOR and by no means make investments greater than you’d be unhappy to lose.
Authored by Leah Waters, Bitcoinist — https://bitcoinist.com/cftc-add-stablecoins-as-collateral-benefits-best
