CFTC Approves Coinbase Clearing for 24/7 USDC-Collateralized Settlement

Coinbase Markets announced that the U.S. Commodity Futures Trading Commission (CFTC) has approved the launch of Coinbase Clearing LLC. The clearinghouse is designed for 24/7 settlement and utilizes USDC as its native collateral asset, completing the infrastructure for Coinbase's regulated derivatives offerings.