Coinbase Clearing LLC launches as USDC-native clearinghouse after CFTC approval
- —CFTC approved Coinbase Clearing LLC's registration on September 28
- —Settlement and collateral run in USDC instead of bank dollars
- —The move builds on the CFTC's digital assets pilot launched in December 2025
- —Coinbase Derivatives previously relied on Nodal Clear as a third-party clearinghouse
Why it matters: Stablecoins are entering regulated US clearing infrastructure, boosting USDC demand and setting a precedent for rival exchanges.
Source: Crypto Briefing