Coinbase Gets CFTC Approval For Its Own USDC-Native Clearinghouse

TL;DRCoinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization.
The approval allows it to clear fully collateralized futures, options on futures and swaps.
Coinbase says the new clearinghouse will use USDC collateral and support 24/7 settlement.Coinbase has filled in the final piece of a U.S. derivatives stack it has been building for years.
The Commodity Futures Trading Commission registered Coinbase Clearing LLC as a Derivatives Clearing Organization on Septe