What You Need to Know
- Coinbase Derivatives and Nodal Clear are joining forces to incorporate USDC stablecoin as collateral in U.S. regulated futures markets.
- This initiative, pending approval from the Commodity Futures Trading Commission (CFTC), is set to launch in 2026.
- The integration is anticipated to enhance trading capabilities, boost operational efficiency, and establish USDC as a “true cash equivalent”.
Coinbase Custody Trust will manage the USDC, while Nodal Clear, part of the Deutsche Börse’s EEX Group, will oversee clearing operations. Both firms are actively working with U.S. regulators to bring this offering into the market.
“Our commitment to integrate USDC as collateral reflects our dedication to enhance trading capabilities for U.S. market participants, improve operational efficiency through almost instant money movement,” said Boris Ilyevsky, CEO of Coinbase Derivatives, in a statement.
Coinbase considers this a significant milestone in its effort to transform USDC into a “true cash equivalent”. This stablecoin, ranking second behind Tether’s USDT, will also be integrated into Shopify over Base. This announcement follows a previous partnership aimed at launching 24/7 trading of Bitcoin and Ethereum in the United States.
