Coinbase Derivatives, a subsidiary of the well-known cryptocurrency exchange Coinbase, has announced the integration of the stablecoin USDC as collateral for futures trading in the US. This innovation is expected to be completed by 2026 and is being implemented in collaboration with the clearing company Nodal Clear.
This is reported by Finway
New Initiative for the Futures Market
Nodal Clear will be the partner in implementing USDC in the futures market. As stated in the press release, the companies already have experience working together – they previously launched futures contracts on Bitcoin and Ethereum, which are available for trading around the clock.
Nodal Clear’s CEO, Paul Kuzentsa, is confident that this decision will be an important step for the industry’s development:
The integration of USDC is a “consistent step towards innovation” that takes market needs into account.
CEO of Coinbase Derivatives, Boris Ilyevsky, emphasized that currently only fiat currency meets the clearing requirements. However, the companies plan to equate USDC with fiat funds for margin calculations, opening new opportunities for professional traders.
Under Regulatory Oversight and Implementation Prospects
The implementation of the new strategy is taking place under the oversight of the U.S. Commodity Futures Trading Commission (CFTC), which supervises the activities of both companies. The completion of the process is scheduled for 2026, and this innovation is expected to enhance the flexibility and competitiveness of the American derivatives market.
Previously, the Shopify platform announced the addition of the ability to make payments in the stablecoin USDC as part of a partnership with Coinbase and financial service Stripe, indicating the growing popularity of USDC in financial transactions.