Coinbase Derivatives to integrate USDC stablecoin as collateral for US futures.

The partner will be the clearing company Nodal Clear.

The initiative is being implemented under the supervision of the CFTC and will be completed by 2026.

Coinbase Derivatives, a subsidiary of the Coinbase crypto exchange, has announced plans to allow the use of the USDC stablecoin in futures trading. This was reported by The Block with reference to a press release.

The statement says that the clearing company Nodal Clear will work on the implementation. The parties have already collaborated on the launch of 24-hour futures on Bitcoin and Ethereum, according to the press release.

Nodal Clear CEO Paul Cusenza added that the integration of USDC $USDC is a “consistent step towards innovation” that takes into account the needs of the market.

According to Coinbase Derivatives CEO Boris Ilyevsky, so far only fiat meets clearing requirements, but the companies plan to equate USDC #USDC to fiat currency in margin calculations.

The report also says that the initiative is being implemented with the participation of the US Commodity Futures Trading Commission, which regulates both companies. The process is expected to be completed by 2026.

Earlier, we reported that the e-commerce platform Shopify added payments in the stablecoin USDC as part of a partnership with the Coinbase exchange and financial services provider Stripe.