Coinbase Derivatives is enhancing its collaboration with Nodal Clear to introduce Circle’s USDC stablecoin as eligible collateral in US futures markets. Announced on Wednesday, this initiative aims to promote stablecoin usage in regulated derivatives trading, pending approval from the Commodity Futures Trading Commission (CFTC). Coinbase Derivatives stated that this will be the first regulated application of USDC as collateral, utilizing Coinbase Custody Trust for custody services. The goal is to have USDC available for US futures by 2026. Nodal Clear, a CFTC-regulated clearing organization and part of EEX Group, has previously partnered with Coinbase to support trading of various cryptocurrency futures. Nodal Clear's CEO, Paul Cusenza, expressed enthusiasm for continuing their partnership and driving innovation in the industry. This announcement follows Circle's public listing on the New York Stock Exchange, with its shares beginning trading at $69. Coinbase has been publicly traded since April 2021. Read more AI-generated news on: https://app.chaingpt.org/news

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