Bitnomial Becomes First U.S. Exchange to Accept Stablecoins as Margin Collateral
- Bitnomial is now the only CFTC-regulated derivatives clearing organization in the U.S. to support stablecoins and digital assets as margin collateral.
- The exchange has introduced RLUSD for margin trading alongside XRP, enabling institutional clients to trade perpetuals, futures, and options.
- RLUSD is designed to enhance capital management efficiency in the margin market, according to CEO Luke Hoersten.
- A report from TRM Labs indicates that stablecoins accounted for approximately 30% of total crypto transactions from January to July.
- Over 90% of stablecoins with fiat backing are tied to the U.S. dollar, including Tether (USDT) and USDC.
The addition of RLUSD and XRP as margin collateral reflects a significant shift towards practical applications of stablecoins within regulated markets, enhancing liquidity and operational flexibility for traders.
With RLUSD’s integration into Bitnomial’s platform, traders now have access to innovative ways of managing their funds while adhering to regulatory standards in the evolving financial landscape.(Source)
