CoinVoice has learned that, according to The Block, Coinbase's derivatives market, Coinbase Derivatives, plans to add USDC as collateral for futures trading in the U.S. market before next year.

Boris Ilyevsky, CEO of Coinbase Derivatives, stated: "Currently, fiat currency is the form of collateral recognized by clearinghouses to meet margin requirements. Our cooperation now includes plans to establish USDC as a fiat currency equivalent." [Original link]