The CFTC registered Coinbase Clearing LLC as a derivatives clearing organization, making Coinbase the first crypto firm to hold all three core CFTC registrations — exchange, broker, and now clearinghouse. The clearinghouse will use 𝗨𝗦𝗗𝗖 as native collateral with 24/7 settlement for fully collateralized derivatives, bringing clearing in-house rather than relying on third-party DCOs. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is a structural milestone for USDC's competitive position. Expanding USDC-native clearing infrastructure deepens its role as the default collateral standard in crypto derivatives. The 24/7 settlement model could pressure traditional fiat-based clearing timelines, and USDC's infrastructure moat is compounding — each new regulated venue that adopts it natively reinforces network effects around the stablecoin. source: CoinDesk Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2736