$USDC The US futures markets are poised for a breakthrough as Coinbase leads the regulated use of the USDC stablecoin as collateral, signaling a seismic shift towards conventional financial integration.

Regulated Futures Markets Open Doors for USDC as Collateral with Coinbase Leading the Initiative

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 United States. This initiative, which is part of a multi-year renewal agreement, is being developed in compliance with the US Commodity Futures Trading Commission (CFTC). “This is expected to be the first regulated use case of USDC as collateral and will use the Coinbase Custody Trust as the custodian,” stated the crypto asset exchange. Coinbase Custody Trust, a qualified custodian regulated by the New York Department of Financial Services, will act as the custodian for this agreement.

Coinbase CEO Brian Armstrong emphasized the importance of the development, stating on the social media platform X: