Circle's USDC will become acceptable collateral for futures trading in the US
USDC, a stablecoin pegged to the US dollar created by Circle and Coinbase, will become collateral for futures trading in the US as part of a joint initiative by Coinbase Derivatives and Nodal Clear.
Coinbase Derivatives is expanding its partnership with the clearinghouse Nodal Clear to introduce Circle's USDC stablecoin into US futures markets as acceptable collateral.
On Wednesday, the companies announced that USDC will now be accepted as collateral for margin futures trading, a move designed to encourage the adoption of stablecoins in regulated derivatives markets.
The integration is subject to approval by the Commodity Futures Trading Commission (CFTC), and Coinbase Derivatives and Nodal Clear are working with the authority to introduce USDC into the US futures market.
"This is expected to be the first regulated use case of USDC as collateral, and Coinbase Custody Trust will act as the custodian," Coinbase Derivatives stated in the announcement.
"A true cash equivalent"
Coinbase Derivatives and Nodal Clear aim for the debut of USDC as eligible collateral for US futures sometime in 2026.
Nodal Clear, a clearing organization for derivatives regulated by the CFTC, is part of the EEX Group, which is owned by the German multinational Deutsche Börse. Coinbase Derivatives is also a designated contract market registered with the CFTC that lists contracts for trading derivatives based on an underlying commodity.
This will mark a significant milestone in our effort to establish USDC as a true cash equivalent, while also providing greater efficiency through near-instant money transfer and secure custody," Coinbase Derivatives stated in the announcement.
