CFTC Expands Stablecoin Framework to Include National Trust Bank Issuers
The U.S. Commodity Futures Trading Commission (CFTC) has revised its guidance to formally incorporate stablecoins issued by national trust banks into its regulatory framework. The MOVE signals growing institutional acceptance of digital assets as collateral in derivatives markets.
Key changes center on CFTC Staff Letter 25-40, which now explicitly permits futures commission merchants to accept qualifying stablecoins from national trust banks as margin collateral. The update rectifies an earlier oversight that excluded these bank-issued tokens despite meeting all other criteria.
National trust banks have become pivotal in the stablecoin ecosystem since receiving regulatory clearance to custody and issue payment-linked digital assets. This adjustment reflects their expanding role in bridging traditional finance with blockchain-based settlements.
