Techub News reports that, according to Cointelegraph, the CFTC reissued Staff Letter 25-40, revising the definition of payment stablecoins and clarifying that national trust banks can serve as authorized issuers. Futures commission merchants are permitted to accept such payment stablecoins and other non-security digital assets as customer collateral, but must assess account value.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Techub News reports that, according to Cointelegraph, the CFTC reissued Staff Letter 25-40, revising the definition of payment stablecoins and clarifying that national trust banks can serve as authorized issuers. Futures commission merchants are permitted to accept such payment stablecoins and other non-security digital assets as customer collateral, but must assess account value.