KuCoin Launches xStocks to Trade Tokenized Stocks with USDT
The post KuCoin Launches xStocks to Trade Tokenized Stocks with USDT appeared on BitcoinEthereumNews.com.
KuCoin has launched xStocks, offering tokenized versions of top equities like Tesla, NVIDIA, and the S&P 500 ETF. It is fully backed 1:1 and issued on the Solana blockchain. Users can now trade both crypto and traditional stocks using USDT, without fiat onramps or switching platforms. KuCoin, one of the world’s largest and most globally accessible crypto exchanges, has officially launched xStocks, a suite of tokenized equities issued by Swiss-based tokenization firm Backed. The move marks a significant leap in the fusion of traditional finance (TradFi) and decentralized finance (DeFi). It enables over 41 million users across 200+ countries to trade top global stocks using USDT within a single, crypto-native account. What are xStocks? xStocks are 1:1 tokenized representations of real-world equities and ETFs, including high-demand assets like: SPYx – S&P 500 ETF TSLAx – Tesla MSTRx – MicroStrategy NVDAx – NVIDIA CRCLx – Circle These tokens are issued on the Solana blockchain (with Ethereum compatibility), ensuring fast, low-cost transactions. Each token is fully backed by the corresponding stock held in bankruptcy-remote, regulated custodial accounts. Why this launch matters The timing of this launch is no coincidence. Just last week, NVIDIA became the first company to exceed a $4 trillion valuation, while Bitcoin crossed the $120,000 mark. This reflects strong growth across both traditional and digital asset markets. xStocks enable crypto users to capitalize on this dual-cycle momentum by offering: USDT-based access to top U.S. equities Instant, 24/7 trading without reliance on fiat Frictionless portfolio allocation between stocks and crypto As KuCoin CEO BC Wong noted, “The launch of xStocks is a strategic milestone in bridging traditional finance and the Web3 ecosystem.” Built on Compliance and Transparency Backed, the issuer of xStocks, ensures full regulatory alignment: Assets are tokenized under an EU-approved prospectus Tokens are structured under the Swiss DLT…
Filed under: News - @ July 18, 2025 1:30 pm