Nei Kugadzirwa kweStablecoin Yakagadzirira CFTC Kwakakosha paMisika yeDerivatives ye$700T

Masisitimu ekare ekuchengetedza mari anononoka kushanda, anovhara kuonekwa kwemidziyo, uye anosunga mari zvisina kufanira. Kugadzirwa kwemari yakagadzikana yakagadzirirwa CFTC kunoshandura equation iyoyo, zvichipa zvibvumirano zvinokurumidza, kuongororwa kwakazara, uye kujeka kwemitemo. 

Kunobva: CFTF

Chibvumirano cheTokenized chinoita kuti masangano akwanise kugadzirisa njodzi zviri nani, kugovera zviwanikwa zvinobudirira, uye kushanda zvakanaka pamiganhu. Blog rino rinotsanangura mamiriro aripo iye zvino, mafambiro eramangwana, uye nzira dzinoshanda dzekushandisa stablecoins dzakagadzirira, richiratidza kuti masevhisi ekuvandudza stablecoin anopa sei masangano mukana wekutanga maererano nekushanda zvakanaka, kutevedzera mitemo, uye nzvimbo yemusika.

Chii chinonzi CFTC-ReadyStablecoin Development?

Kune mabhangi, vatengesi vemabroker, nhengo dzinobvisa mari, uye mapuratifomu emari dzinobva kune dzimwe nyika, pfungwa ye "stablecoin" haigone kuderedzwa kuita token yekubhadhara yevatengi. Munyika yako, mari inoyerera, margin calls, uye njodzi dzemakambani zvakakosha, uye vatongi vari kutarisa. Stablecoin yakagadzirira CFTC ipfuma yedhijitari ine hupenyu hwese, kuburitswa, kuchengetwa, kutamiswa, kudzikinurwa, uye mishumo, inosangana nezvinodiwa neCFTC pamari dzinobva kune dzimwe nyika uye mari dzinobva kune dzimwe nyika.

Source: x.com 

Iyo CFTC yatanga kutsanangura mabatiro echibatiso, kusanganisira stablecoins, inogona kushanda mukati mehutongi hwayo. Ndokusaka kungo "kuburitsa coin" kusingaite: iwe unoda regulatory-giredhi yedhijitari asset yakavakirwa kubva pasi kumusoro kuti itevedzwe, inoongorora, uye kubatanidza neiyo iripo pombi dzemari.

Mukuita, izvo zvinoreva:

• Transparent asset backing (mari, Treasuries, kana mamwe emhando yepamusoro chengetedzo) inosimbiswa nevanozvimiririra vaongorori.
• Akapatsanurwa uye akadzorwa gadziriro dzekuchengetedza dzinoratidza kana kuvandudza pane zviripo zvekubatisa maitiro.
• Programmable kutevedza inovakwa mumakondirakiti ehungwaru echiratidzo, inogonesa kuchena, kunyoreswa, kutariswa kwekutengeserana, uye kushuma ipapo.
• Kubatanidza zvikorekedzo zvekuchenesa dzimba, margin masisitimu, uye injini dzenjodzi kuti dziburitse zvakananga mu-cheni chibatiso pasina kurasikirwa nekutarisa.
• Zvirongwa zvemutemo uye zvekushanda zvakaenderana neCFTC zvinodiwa pakuchengeta marekodhi, AML/KYC, uye kugadzirisa gakava.

Uku hakusi kungoitwa kwehunyanzvi; ndeyekuvaka iyo inobatanidza pamutemo, regulatory, uye tekinoroji layer.

Nei Zvigadzirwa zveDerivatives & Collateral Markets Zvichida Kuvandudzwa kweStablecoin Iye Zvino

Kufamba kwemari yechinyakare ye "collateral flows" hakuna kugadzirwa kuti kushandiswe nemakambani emazuva ano, maawa makumi maviri nemana pazuva, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo, mazuva manomwe pasvondo. Kugadzirwa kwe "stablecoin" yakagadzirira CFTC kunoshanda sebhiriji pakati pekumhanya kwezvinhu zvedhijitari uye kutarisirwa kuri kudiwa nevatongi, uye iri kuva chinhu chinonyanya kukosheswa kune madhipatimendi e "derivatives", mamaneja e "collateral", uye vanoisa mari mumasangano.

Current Pain Points 

• Fragmented Collateral Settlement: Misika yezviwanikwa uye zvibatiso zvichiri kutsamira panjanji dzenhaka uye kuyananiswa kwemaoko, zvichigadzira kupokana uye kunonoka.
• Slow Margin Movements: Mumamiriro ezvinhu epamusoro-soro, maawa ekumirira kana mazuva kuti zvibvumirano zvifambe zvinowedzera kuratidzwa kwenjodzi uye mari.
• Regulatory Ambiguity: Mazhinji emhando dzestablecoin dziripo hadzina kuvakwa kuti dzitarisire zvakanyanya, zvichiita kuti dzisakodzere kumisika inodzorwa uye kutarirwa kweCFTC.
• Counterparty & Operational Risk: Kusajeka kwemabasa ehurumende kunoita kuti masangano ave panjodzi yekufumurwa zvakavanzika uye kukuvara kwemukurumbira - dambudziko rinogadziriswa zvakananga neStablecoin Development.

Iko Kumusoro kweCompliant Stablecoins

• Near-Instant Collateral Posting: Mhedziso mukati memaminitsi kana masekondi inoderedza kugadzirisa uye njodzi yevamwe.
• Greater Capital Efficiency: Transparent, inogoneka, uye programmable collateral inogonesa leaner margin buffers.
• Enhanced Institutional Confidence: Yakavakirwa-mukati kutevedzera uye kuongorora kunoita kuti kugamuchirwa kugoneke kune anodzorwa masangano.
• Cross-Border Fluidity ine Guardrails: Tokenized collateral inogona kufamba zvisina musono munzvimbo dzese uchiramba uchitarisisa, nekuda kwehunyanzvi hwakagadzirwa stablecoin budiriro.

Zvinhu Zvikuru zveCFTC-Ready Stablecoin

Kugadzirwa kwe stablecoin yakagadzirirwa CFTC kunoita kuti chitarisiko chega chega chigadzirwe nepfungwa dzezvinhu zvinobva munyika chaiyo uye mashandiro ekuchengetedza mari.

1. Transparent Asset Backing & Audits

Masangano anoda zvizere-yakatsigirwa mari yedhijitari iyo inogona kusimbiswa munguva chaiyo. Ongororo yakazvimirira inosimbisa kuti matura anoenderana neinotenderera, kuve nechokwadi chekuvimba kune vanobatana uye kutevedzera CFTC stablecoin budiriro. Kujeka seizvi kwakakosha kune stablecoins yemasangano inoshandiswa kutumira chibatiso kana kugadzirisa zvisungo zvakanaka.

2. Regulated Custody & Segregation

Urongwa hwakakodzera hwekuchengeta zvinhu hunochengetedza midziyo uku uchichengeta kupatsanurwa kwakajeka kubva kumari yekushandisa. Izvi zvinoderedza mubatanidzwa uye njodzi yekushanda, kunetsekana kwepamusoro kune zvakatorwa uye zvibatiso mamaneja. Kudyidzana nekambani yekusimudzira stablecoin inova nechokwadi chekuti kuchengetedzwa kwemitemo kunozadzisa zvinotarisirwa uye zvinodikanwa zvehukoshi hwepamusoro-soro kufambiswa kwebasa.

3. Programmable Compliance

Zvibvumirano zveSmart zvinomisikidza zvakakosha kutevedzera maficha: whitelisting, blacklisting, AML/KYC cheki, uye kugona kutaura. Kune collateralized stablecoins yezvinobva, izvi zvinogoneka zvinobvumira masangano kuti aite otomatiki manejimendi enjodzi asi achiramba achitevedzera zvizere, kuve nechokwadi chekuti vanodzora uye vaongorori vemukati vagutsikana.

4. Scalability & Performance

Manetiweki epamusoro-soro anodiwa kubata mahombe-vhoriyamu ekugadzirisa, nhare dzekufona, uye kuchenesa mashandiro. Kushandisa hunyanzvi hwekusimudzira stablecoin masevhisi kunovimbisa kuita uye kuvimbika pasina kukanganisa kuchengetedzeka, kunyangwe mumisika isina kusimba.

5. Kutonga uye Kudzora Njodzi

Yakavakirwa-mukati mekutonga masisitimu, nzira dzekusimudzira, uye maficha ekudzikisa njodzi anodzivirira masangano kubva pazviitiko zvinodzikira kana kutadza kushanda. Zvinhu izvi zviri pakati peiyo stablecoin yakagadzirirwa kudzorwa, nzvimbo dzepamusoro-soro, zvichipa vatariri chivimbo chekuti stablecoin ichaita yakavimbika mukushushikana.

6. Kubatanidzwa neInstitutional Systems

Ma "stablecoins" akagadzirirwa CFTC anofanira kubatana zvakananga ne "clearinghouses", margin engines, uye mapuratifomu ekugadzirisa njodzi. Izvi zvinobvumira ma "derivatives derivatives" uye ma "collateral managers" kushandisa "tokenized collateral" mukushanda kwenguva chaiyo pasina kuwedzera kukakavadzana, zvichivhara musiyano uripo pakati pezvinhu zvedhijitari nezvivakwa zvemari zvechinyakare.

Nzira Yekushandisa: Kubva Pakufunga Kusvika Pakutangwa Kwakagadzirira CFTC

Kutanga CFTC-yakagadzirira stablecoin yemisika ye derivatives necollateral kunoda nzira yakarongeka inoenzanisa kutevedzera mitemo, mashandiro, uye kuvimbana kwemasangano.

Chikamu 1 - Kuongororwa Kwemitemo & Musika: Ongorora mitemo, kushivirira njodzi, uye zvinangwa zvemusika kuti uve nechokwadi chekuti zvinoenderana neCFTC stablecoin kutevedzera uye kubatanidzwa nehurongwa huripo hwekubvisa mari uye margin.

Chikamu chechipiri - Kugadzira Magadzirirwo & Kugadzira Zvibvumirano Zvakangwara: Gadzira zvibvumirano zvakangwara zvine kutevedzera zvinorongwa, nzira dzekuvandudza, uye kugona kuongorora kuti utsigire kuvandudzwa kwemari yakagadzikana yekutengeserana kwemasangano.

Danho rechitatu - Kutsigirwa Kwemari Nekuchengetedzwa Kwezvinhu: Gadzira mari dzedhijitari dzinotsigirwa nezvinhu nekuchengetedzwa kwakarongeka, kwakaparadzaniswa uye kuongororwa kwakazvimirira. Kushanda pamwe chete neStablecoin Development Company inovimbwa nayo kunoita kuti pave nekujeka uye kuchengetedzwa kwemasangano.

Danho rechina - Pilot & Testing: Kutungamira vatyairi vendege vanotungamirirwa kuti vaone kuti kukurumidza kwekugadzirisa, kudzora njodzi, uye mishumo, vachiona kuti stablecoin inoshanda zvakanaka mumabasa ekugadzira zvinhu zvitsva uye zvekuchengetedza.

Chikamu 5 - Kutanga Kwakazara & Kutevedza Mutemo Kunoramba Kuchienderera: Shandisa zviripo, nekutarisa nguva dzose, kuongororwa kwemari, uye kutonga. Kushandisa Stablecoin Development Services kunovimbisa kutevedzera mitemo, kusimba, uye kubatanidzwa nehurongwa hwemasangano.

Real-World Use Case

Musika wepasi rose wezviwanikwa zvemadhiriyoni unomiririra kukosha kukuru kwemadhora mazana manomwe emadhora ($700 trillion) , US ichitora 27% yemugove iwoyo. Panguva iyi, musika wezviwanikwa zvemadhiriyoni wakura kusvika kumadhora mazana maviri nemakumi mashanu neshanu nemazana manomwe emadhora ($251.7 bhiriyoni), uchitongwa neUSDT (59%) neUSDC (25%). Vachiziva mukana uyu, CFTC yakatanga chirongwa chekubatanidza zvibvumirano zvemadhiriyoni, kusanganisira zviwanikwa zvemadhiriyoni, mumisika yezviwanikwa zvemadhiriyoni zveUS. Yakavakirwa pachirongwa cheGENIUS Act chinoda rutsigiro rwe1:1 reserve, chirongwa ichi chinosanganisira nguva yekupedzisira yekutaura kwevanhu yaGumiguru 20, 2025 , nezvirongwa zvekuedza zvakarongerwa kutanga kwa2026. Makambani anotungamira ekugadzira zviwanikwa zvemadhiriyoni nemapoka avo vari kutogadzirira zvivakwa zvekutsigira kutanga uku kwakarongwa.

Masangano anogona kuwana kuvandudzwa kwekushanda kunoyerwa nemabasa ekugadzira stablecoin: nguva dzekugadzirisa dzinodzikira kubva paT+1–T+mazuva matatu kusvika pamaminitsi kana maawa, midziyo inowanikwa 24/7/365, mari dzekushanda dzinodzikira nekubvisa vamiririri, uye mwero wekukundikana kwekugadzirisa, pari zvino uri pa3%, unogona kuderedzwa zvakanyanya.

Mienzaniso yemusika, yakadai seDeribit's USDC-yakagadziriswa sarudzo uye kubvuma kwaBinance kwechibatiso chechiratidzo, kuratidzira kudiwa kwakasimba. Uchishandisa hunyanzvi hwekuvandudza stablecoin mhinduro, mafemu anogona kufamba neCFTC kutevedzera apo achiwana liquidity, streamlined mashandiro, uye ramangwana-yakagadzirira tokenized asset kugona, kusanganisira Treasuries uye mari musika mari.

Remangwana reStablecoins dzakagadzirira CFTC muDerivatives & Collateral Markets

• Cross-Chain Collateral Pools: Masangano anogovanisa chibvumirano pa blockchains, nemabhiriji akangwara anovimbisa kuenderana.
• Tokenized Real-World Assets (RWAs): Stablecoins inogona kusanganisira Tokenized Treasuries, corporate bond, kana diversified asset pools mumatura avo.
• Automated Margin Models: On-cheni njodzi scoring, simba kugerwa, oracles, uye chaiyo-nguva collateral rebalancing streamline mashandiro.
• Regulatory Harmonization: Zviyero zvepasi rose (US, EU MiCA, Singapore, nezvimwewo) zvinotarisirwa kuungana, kurerutsa kutorwa kwemuganho.
• Embedded Finance Derivatives: Zvibvumirano zveSmart zvinokonzeresa zvinobva, chibvumirano chekutumira, uye kugadzirisa mukuyerera kweatomu imwe chete.
• First-Mover Advantage: Institutions inokurudzira stablecoin kuvandudzwa mhinduro uye kuvaka CFTC-yakagadzirira stablecoins ikozvino zvichatonga mamiriro ekunze ari kuchinja ecology ye derivatives.

Wrapping Up 

Kukwira kwemari dzakagadzikana dzakagadzirira CFTC kuri kuchinja misika yemitengo inotengeswa kubva kune dzimwe nyika kuenda kune dzimwe nyika. Kune masangano, mukana wacho wakajeka. Kugadziriswa nekukurumidza, njodzi shoma dzekushanda, uye kujeka kwemitemo kunoita kuti mari inotengeswa ive mhinduro inoshanda yekutengeserana kwemazuva ano uye manejimendi yemari. 

Iko kugona kwekubudirira uye kukura kwakakura nekugona-kuchinjika-cheni, otomatiki margin modhi, uye tokenized-chaiyo-yenyika midziyo. Iwo masangano anoshanda iye zvino kuti atore zvinoenderana, akagadzirira mune ramangwana-akagadzirira stablecoins haangogadzirise mashandiro awo chete asiwo anowana yakakosha-yekutanga-mubatsiri mukana mukushanduka kwemamiriro emari. Kana sangano rako richitsvaga kufambisa shanduko iyi nechivimbo uye zvakachengeteka, Antier inopa hunyanzvi uye stablecoin kuvandudza mhinduro kuti zviitike.