$USDC

Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, working with the CFTC to bring this to market. This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian.

As part of a multi-year renewal agreement, Coinbase Derivatives, LLC, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as eligible collateral for futures targeting next year. This will mark a meaningful milestone in our push to establish USDC as a true cash equivalent, while also offering increased efficiency through near-instant money movement and secure custody. This also underscores USDC's reliability, operational advantages, and growing acceptance in traditional financial markets.

Nodal Clear is a CFTC-regulated derivatives clearing organization, which is part of EEX Group, a Deutsche Börse company. As one of the most trusted stablecoins with transparent reserves and strong regulatory oversight, USDC aligns seamlessly with Nodal Clear’s rigorous risk management framework, making it a natural fit for inclusion as eligible collateral. This is a significant advancement in the growth of our continued partnership with Nodal Clear.

Why USDC?

USDC is a fully-reserved US dollar-backed stablecoin co-founded by Circle and Coinbase. As a regulated and widely adopted digital dollar, USDC enables near instant transactions and has become foundational infrastructure across both centralized and decentralized financial platforms. Its reliability and compliance-first framework make it uniquely suited for integration into traditional financial markets.