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Coinbase to Add USDC as Collateral for Futures Trading in US Market by Next Year

Summary: According to reports, Coinbase's derivative market, Coinbase Derivatives, plans to add USDC as collateral for futures trading in the US market by next year. Boris Ilyevsky, CEO of Coinbase Derivatives, stated: 'Currently, fiat currency is the accepted form of collateral to meet margin requirements. Our collaboration now includes plans to establish USDC as a fiat ...

According to reports, Coinbase's derivative market, Coinbase Derivatives, plans to add USDC as collateral for futures trading in the US market by next year. Boris Ilyevsky, CEO of Coinbase Derivatives, stated: 'Currently, fiat currency is the accepted form of collateral to meet margin requirements. Our collaboration now includes plans to establish USDC as a fiat currency equivalent.' (The Block)

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Link: Coinbase to Add USDC as Collateral for Futures Trading in US Market by Next Year [Copy]

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