Coinbase Derivatives is collaborating with Nodal Clear to introduce USDC as collateral in the U.S. futures market.
Thinking about it, this is mainly an informational stimulus. Using USDC as collateral for traditional futures operations on the blockchain is quite complex; only crypto users engaging in futures trading might utilize this, while traditional finance users are unlikely to use it. Even for crypto users, the exchange between USD and USDC is very convenient for U.S. users, making it unnecessary to use USDC as collateral. Therefore, its practical utility is not very significant, but it does expand the application of USDC, which has stimulated a surge in stock prices.
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