Coinbase has partnered with USDC, the world’s second-largest stablecoin, to use as collateral in futures trading. This is a first regulated use case of USDC and will leverage Coinbase Custody Trust.
The partnership is subject to approval by the Commodity Futures Trading Commission (CFTC). USDC integration on e-commerce merchant sites is also part of the expansion.
Coinbase has previously collaborated with Nodal Clear, offering support for select cryptocurrency futures contracts. This collaboration aims to innovate the industry and respond to market needs.
Coinbase is seeking SEC approval to offer blockchain-based stocks. The move could allow stock trading via blockchain technology effectively.
Source: https://watcher.guru/news/coinbase-to-allow-usdc-stablecoin-to-be-used-as-collateral