$USDC Coinbase integrates USDC as collateral for futures trading
Coinbase Derivatives integrates the stablecoin USDC as collateral for futures in the US.
The partner will be the clearing company Nodal Clear.
The initiative is being implemented under the supervision of the CFTC and will be completed by 2026.
Coinbase Derivatives — a subsidiary of the cryptocurrency exchange Coinbase — announced plans to allow the use of the stablecoin USDC in futures trading. This was reported by The Block citing a press release.
The statement says that the clearing company Nodal Clear will work on the implementation. The parties have already collaborated on the launch of 24/7 futures for Bitcoin and Ethereum, according to the press release.
Nodal Clear Chairman Paul Kuzents added that the integration of USDC is a 'consistent step towards innovation' that takes market needs into account.
According to CEO of Coinbase Derivatives Boris Ilievsky, currently only fiat meets clearing requirements, but the companies plan to equate USDC to fiat currency in margin calculations.
The statement also said that the initiative is being implemented with the participation of the U.S. Commodity Futures Trading Commission, which regulates both companies. The process is expected to be completed by 2026.
Earlier, we reported that the e-commerce platform Shopify added payments in the stablecoin USDC as part of a partnership with the exchange Coinbase and the financial services provider Stripe.
