The ability to use USDC will enhance capital efficiencies and allow a new wave of innovation.
U.S. Treasury futures cleared at CME can now be cross-margined with cash Treasuries cleared at FICC.
Institutions can trade, finance & manage assets in a regulated crypto prime brokerage framework.
Proposed order would expand CME-FICC cross-margining to customers.
This opens a path for FCMs to use digital assets as customer collateral under CFTC regulation.
U.S. customers that access foreign futures markets were disadvantaged.
Members can give one instruction for Euroclear to transfer multiple securities to meet margin requirements.
An estimated $19bn in leveraged positions were liquidated over the weekend, the largest in crypto history.
DTCC plans to make a similar filing with its regulator, the SEC, in the near future.
