Coinbase Partners with Nodal Clear to Use USDC as Futures Trading Collateral
Coinbase Derivatives is set to revolutionize U.S. futures trading by partnering with Nodal Clear. This collaboration will allow Circle’s stablecoin, USDC, to be used as collateral for futures trading. The move is expected to roll out in 2026.
Currently, clearinghouses only accept fiat currencies as collateral. By introducing USDC, Coinbase aims to broaden participation in the futures market. This partnership is part of a multi-year agreement between Coinbase and Nodal Clear,further solidifying USDC’s role as a cash equivalent.
Boris ilyevsky, CEO of Coinbase Derivatives, stated, “Integrating USDC as collateral enhances trading capabilities for U.S. market participants. It also improves operational efficiency and ensures secure custody.”
Paul Cusenza, CEO of nodal Clear, noted that this integration is a response to market needs and a step towards innovation.
This advancement comes after the U.S. Senate passed the GENIUS Act. This act is seen as a significant step towards regulatory clarity in the crypto space.
Circle’s USDC is the second-largest U.S.-dollar-backed stablecoin, with a market cap of over $61 billion. The integration of USDC into futures trading is expected to boost its adoption and the growth of the U.S. futures market.
