Coinbase has struck a deal to have the world’s second-biggest stablecoin, USDC, used as collateral in US futures trading. The cryptocurrency exchange is also expanding its payment offerings, including integrating USDC on e-commerce merchant sites, according to a Bloomberg report.
“This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian,” Coinbase Derivatives said in a Wednesday announcement. The integration is subject to approval by the Commodity Futures Trading Commission (CFTC). The newly announced USDC collateral plan is not the first partnership between Coinbase and Nodal Clear either. Last May,
In May, Nodal Clear started offering support for trading of select cryptocurrency futures contracts on Coinbase Derivatives Exchange (CDE). These include Bitcoin Futures (BTI), Ether Futures (ETI), nano Bitcoin Futures (BIT), and nano Ether Futures (ET).
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“Working with Coinbase Derivatives, we are excited to continue our relationship and provide innovation to the industry, such as our introduction of the first 24×7 margined futures in May 2025,” said Paul Cusenza, Chairman and CEO of Nodal Clear. “The plans to integrate USDC as collateral represent our continued commitment to seek to be responsive to market needs and innovate. We look forward to engaging with our clearing members and the CFTC in seeking to make this a reality.”
Earlier this week, it was reported that Coinbase is seeking approval from the Securities and Exchange Commission (SEC) to offer blockchain-based stocks. The move would allow Coinbase to offer stock trading via blockchain technology effectively.
