Source: Cointelegraph
Original: “Stablecoins Seen as Ideal Choice for Real-Time Collateral Management”
Cryptocurrencies and stablecoins are increasingly recognized in the traditional finance (TradFi) sector for their ability to streamline payment processes and enhance the efficiency of existing financial systems.
In finance, collateral management refers to the process of managing the underlying collateral that secures other financial transactions, such as loans or derivatives, to mitigate credit risk and ensure smooth execution of trades.
According to a recent pilot study by DTCC Digital Assets, digital assets like stablecoins are the “perfect” financial tool for real-time collateral management, indicating that digital assets, particularly stablecoins, can modernize and simplify this critical function.
Joseph Spiro, Director of Digital Asset Products at DTCC, stated during a panel discussion at the 2025 Consensus conference: “Digital assets are indeed the perfect use case for collateral management, whether it’s for uncleared derivatives, cleared derivatives, central counterparties, repos, or any other type of collateral.”
Due to strict requirements for locked collateral, collateral management necessitates complex manual processes, where these collaterals can only be released to the appropriate parties at predetermined intervals.
Spiro noted, “With digital assets and smart contracts, all of this can be done better, faster, and more efficiently.” He added, “All manual processing can disappear.”
This pilot, dubbed the “Great Collateral Experiment,” comes at a time when U.S. policymakers are working to establish a clear regulatory framework for stablecoins.
On May 14, at least 60 top cryptocurrency founders gathered in Washington, D.C., to support the “Guidance and Establishment of a National Stablecoin Innovation Act” (GENIUS Act). The bill failed to garner enough support from Democrats on May 8.
The GENIUS Act aims to establish collateral guidelines for stablecoin issuers while requiring full compliance with anti-money laundering laws.
The bill stalled on May 8 due to a lack of support from key Democrats, some of whom expressed concerns that U.S. President Donald Trump might profit from digital assets through his crypto-related businesses.
According to Kyle Hauptman, Chairman of the National Credit Union Administration, incorporating stablecoins into traditional fiat-backed loans could further simplify TradFi processes.
Hauptman stated during the same panel discussion that the programmability of stablecoins could make the loan repayment process more transparent and streamlined for all participants, which is currently a “clunky end-of-month settlement process.” He added:
“Stablecoins and their programmability can make this process very easy.”
“We not only make it easier for credit unions to settle these things, but you can handle smaller amounts, and borrowers should get a better deal here because this thing now has some characteristics of large bond issuances. It is now liquid,” he said.
Another piece of legislation—the “Stablecoin Transparency and Accountability Act” (STABLE Act)—passed the House Financial Services Committee on April 2 with a vote of 32 to 17. The bill is awaiting arrangements for debate and a full vote in the House.
Related: Senate Plans to Pass Stablecoin Bill Next Week, Removing Language Targeting Trump
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