Coinbase to allow $USDC stablecoin to be used as collateral.

Coinbase Derivatives is partnering with Nodal Clear to integrate USDC as eligible collateral for US futures trading. This collaboration aims to enhance trading capabilities, improve operational efficiency, and provide secure custody via Coinbase Custody Trust. The integration, subject to CFTC approval, is expected to be completed by 2026 and would mark a significant milestone in establishing USDC as a true cash equivalent in traditional financial markets.

Coinbase Derivatives and Nodal Clear are working together to integrate USDC as collateral for futures trading.

The proposal is currently under review by the Commodity Futures Trading Commission (CFTC).

The integration is targeted for completion by 2026.

The move would allow for near-instant money movement, secure custody, and increased efficiency in trading.

This development is part of Coinbase's broader strategy to expand USDC's use cases and promote its adoption in traditional financial markets. The company has already introduced USDC-based rewards and scaled BTC-backed USDC loans to over $1 billion.#DAOBaseAIBinanceTGE $XRP