The firm has completed its first USDC-backed derivatives transaction, highlighting growing institutional adoption of blockchain-based collateral solutions.
Marex Group has announced that clients will be able to post USDC stablecoins as initial margin (IM) collateral for derivatives transactions . The initiative was developed in partnership with Circle, Coinbase and Prime Trading. Under the arrangement, USDC will serve as the collateral asset, while Coinbase will provide custody, fiat conversion, settlement and reporting services. The move follows a no-action letter issued by the US Com