$USDC Coinbase Derivatives — a subsidiary of the cryptocurrency exchange Coinbase — announced plans to allow the use of the USDC stablecoin in futures trading. This was reported by The Block, citing a press release.

The statement mentions that the clearing company Nodal Clear will be working 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 CEO Paul Kuzentsa added that the integration of USDC is a "consistent step towards innovation" that takes market needs into account.

According to the CEO of Coinbase Derivatives Boris Ilievsky, currently only fiat currency meets the clearing requirements, but the companies plan to equate USDC to fiat currency in margin calculations.

The announcement also stated 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.