The Commodity Futures Trading Commission (CFTC) has launched a pilot program aimed at exploring the use of tokenized stablecoins as collateral in digital asset markets. The initiative, which includes participation from major industry players such as Ripple, Coinbase, and Circle, was discussed during the CFTC’s CEO Forum on digital asset markets. The program is part of a broader effort to enhance the regulatory framework for digital assets and is seen as a significant step towards integrating stablecoins into the financial system. The Trump administration is reportedly focusing on stablecoins as part of its pro-crypto agenda, indicating a shift in regulatory strategy towards embracing digital currencies.