Coinbase Derivatives, Nodal Clear Aim to Bring USDC as Collateral for U.S. Futures Trading
Coinbase Derivatives and Nodal Clear are working to bring the USDC stablecoin into the world of U.S. regulated futures markets as an accepted form of collateral, targeting a launch in 2026.
If greenlit by the Commodity Futures Trading Commission (CFTC), the move would mark the first time a stablecoin is approved as margin collateral for regulated futures trading in the United States.
The plan would see Coinbase Custody Trust managing the safekeeping of USDC, while clearing operations fall under Nodal Clear, a CFTC-regulated clearinghouse owned by the EEX Group, part of Deutsche Börse.
The companies said they’re engaging with U.S. regulators to advance the proposal.
“Integrating USDC as collateral reflects our commitment to expand trading opportunities for U.S. market participants and enable faster money movement,” said Boris Ilyevsky, CEO of Coinbase Derivatives.
Coinbase described the initiative as a significant milestone in its broader mission to make USDC function as a “true cash equivalent.” USDC, the second-largest stablecoin after Tether’s USDT, is also set to be integrated into e-commerce giant Shopify through Coinbase’s Base network.
This development follows Coinbase Derivatives’ recent partnership with Nodal Clear to launch 24/7 trading for bitcoin (BTC) and ether (ETH) futures in the U.S.
