Coinbase and Nodal Clear Plan USDC Collateral Integration for Futures by 2026
Coinbase Derivatives and Nodal Clear are integrating USDC as collateral in U.S. regulated futures markets, targeting a 2026 launch. This would be the first formal acceptance of a stablecoin for margined futures in the U.S., pending approval from the Commodity Futures Trading Commission (CFTC).
- Coinbase Custody Trust will hold the USDC.
- Nodal Clear, part of the Deutsche Börse-owned EEX Group, will handle clearing.
- The collaboration aims to enhance trading capabilities and operational efficiency for U.S. market participants.
Boris Ilyevsky, CEO of Coinbase Derivatives, emphasized the commitment to improve trading capabilities. Coinbase views this integration as a step towards making USDC a "true cash equivalent." The stablecoin is also set for integration with Shopify over Base.
This announcement follows the partnership between Coinbase Derivatives and Nodal Clear for continuous futures trading of BTC and ETH in the U.S.