Coinbase plans to add USDC as collateral for futures trading in the U.S. market by next year

ChainCatcher news, according to The Block, Coinbase's derivatives market Coinbase Derivatives plans to add USDC as collateral for futures trading in the U.S. market before next year.

Coinbase Derivatives CEO Boris Ilyevsky stated, "Currently, fiat currency is the form of collateral recognized by clearinghouses to meet margin requirements. Our collaboration now includes plans to establish USDC as a fiat currency equivalent."