USDC Poised for Futures Collateral Role in Coinbase–Nodal Clear Initiative

Coinbase is teaming up with clearing firm Nodal Clear to let traders post USD Coin (USDC) as collateral for crypto-linked futures—potentially the first time a U.S. regulator signs off on stablecoin-backed margin.

The proposal, now before the Commodity Futures Trading Commission, would rely on Coinbase Custody Trust to safeguard the tokens.

Nodal Clear already clears Bitcoin and Ether contracts for the Coinbase Derivatives Exchange—including “nano” versions designed for retail portfolios—and launched 24/7 margined products earlier this year.

CEO Paul Cusenza says adding USDC collateral is the next logical step in “meeting market demand while pushing innovation forward.”

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Beyond derivatives, Coinbase is broadening USDC’s reach at the checkout counter: the exchange plans to embed the dollar-pegged token into mainstream e-commerce payment flows. It also disclosed a separate bid for SEC approval to list tokenized equities, aiming to fold blockchain rails into traditional stock trading.

If regulators green-light the collateral plan, USDC—already the world’s second-largest stablecoin—could secure a new foothold in regulated U.S. finance, blending crypto liquidity with established futures markets.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.