Пол Грюал поддерживает план CFTC по обеспечению стейблкоинов на рынке деривативов США объемом $600 трлн с Ripple и Circle

cryptonews.ru2025-08-23 tarihinde yayınlandı2025-09-24 tarihinde güncellendi

  • CFTC намерена вывести стейблкоины на американский рынок деривативов объемом 600 трлн долларов.
  • Coinbase, Ripple и Circle поддерживают план токенизированного обеспечения Кэролайн Фэм.
  • Публичные обсуждения принимаются до 20 октября, после чего процесс принятия правил будет завершен.

Комиссия по торговле товарными фьючерсами США (CFTC) готовится разрешить стейблкоинам и другим токенизированным активам служить обеспечением на американском рынке деривативов объемом 600 триллионов долларов.

Исполняющая обязанности председателя Кэролайн Фэм заявила, что эта работа является частью «криптоспринта» агентства, направленного на сокращение расходов и повышение ликвидности без потери надзора.

«С января Комиссия по торговле товарными фьючерсами (CFTC) предпринимает шаги по внедрению блокчейна на рынки деривативов», — сказала Фам. Она представила токенизированное обеспечение как способ модернизации управления залогом и повышения эффективности капитала.

Как работает план

CFTC будет сотрудничать с лидерами отрасли, включая Ripple, Coinbase, Circle и Crypto.com, для разработки плана внедрения.

Директор по связям с общественностью Coinbase Пол Грюал назвал этот шаг важным шагом вперёд для рынков США. Он утверждал, что токенизированное обеспечение, подкреплённое стейблкоинами, снизит издержки, увеличит ликвидность и повысит эффективность в целом.

Tokenized collateral and stablecoins can unlock US derivatives markets and put us ahead of global competition. Really exciting to see @CFTC put together this initiative to modernize the market by increasing efficiency, reducing costs, and upping liquidity to the benefit of all. https://t.co/bhMuQ7MauN

— paulgrewal.eth (@iampaulgrewal) September 23, 2025

Президент Circle Хит Тарберт заявил, что план основан на Законе GENIUS и докладе администрации Трампа о рынках цифровых активов. Оба документа заложили основу для регулируемого использования блокчейна в финансовой сфере США.

Генеральный директор Crypto.com Крис Маршалек пошёл ещё дальше, заявив, что инициатива Комиссии по торговле товарными фьючерсами (CFTC) может ознаменовать начало «золотого века криптовалют» в Америке. Он указал на потенциальное использование биткоинов и других неденежных залогов для расширения доступа к рынкам деривативов США.

По теме: SEC и CFTC опубликовали расплывчатое заявление о криптовалютах, но юристы утверждают, что ничего не изменилось

Открытие публичных комментариев

Комиссия по торговле товарными фьючерсами (CFTC) принимает комментарии от общественности до 20 октября 2025 года. Участники отрасли получат возможность высказать свое мнение по поводу того, как следует разрабатывать и контролировать токенизированное обеспечение.

Что это значит для стейблкоинов

Рынок стейблкоинов, объём которого сегодня составляет около 300 миллиардов долларов, может получить наибольшую выгоду. Аналитики ожидают, что если стейблкоины будут приниматься в качестве регулируемого обеспечения, объём рынка может быстро достичь отметки в триллион долларов.

Насколько велик рынок деривативов в США?

Согласно недавнему отчёту, на США приходится львиная доля мирового рынка деривативов, объём которого оценивается более чем в 600 триллионов долларов. Среди бирж, регулируемых CFTC, — CME Group, ICE, а также криптовалютные биржи, предлагающие торговлю сырьевыми товарами.

Предстоящий Закон о ясности еще больше расширит полномочия CFTC в отношении криптовалютных бирж, предлагающих торговлю товарными деривативами.

Получите выгоду от более широкого рынка криптовалют

Использование токенизированного обеспечения для модернизации рынка деривативов США окажет глубокое влияние на весь рынок криптовалют. Неизбежный рост активности в блокчейне будет сопровождаться ростом спроса на базовые токены, что подкрепляет макроэкономические перспективы в долгосрочной перспективе.

По теме: RLUSD интегрирован в Securitize для мгновенного выкупа из фондов BlackRock и VanEck

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