$USDC The U.S. futures markets are set for an advance as Coinbase leads the regulated use of the USDC stablecoin as collateral, signaling a seismic shift toward conventional financial integration.

Regulated Futures Markets Open Doors to USDC Collateral, with Coinbase Leading the Charge

The cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on June 18 that its subsidiary Coinbase Derivatives LLC is collaborating with Nodal Clear to incorporate the USDC stablecoin as eligible collateral for futures trading in the U.S. This initiative, part of a multi-year renewal agreement, is being developed in compliance with the U.S. Commodity Futures Trading Commission (CFTC). "This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian," stated the cryptocurrency exchange. Coinbase Custody Trust, a Qualified Custodian regulated by the New York Department of Financial Services, will serve as the custodian for this agreement.