The move expands the instrument’s role within the firm’s trading and financing books.
STS Digital Ltd (STS Digital), a crypto derivatives trading firm, will begin accepting USDM1 from eligible counterparties as collateral across its over-the-counter derivatives (OTC), structured products and financing relationships. USDM1 can be used as initial or variation margin under standard derivatives documentation USDM1 is a fully collateralised, US dollar-denominated sovereign bond natively issued onchain by the Republic of the Marshall Islands. The firm will also pledge the in