KuCoin Debuts xStocks on Solana: USDT Tokenized Equities
KuCoin has launched xStocks, a USDT-denominated tokenized equities platform on Solana. The service offers fractional trading of SPYx, CRCLx, TSLAx, MSTRx and NVDAx, backed 1:1 by real US stocks held in regulated, bankruptcy-remote custodial accounts. xStocks supports funding via USDT, USDC or major fiat currencies, with instant settlement, low fees and real-time price feeds. The platform integrates with the KuCoin Web3 Wallet and leverages KCS for fee discounts. Issued under an approved EU prospectus and compliant with the Swiss DLT Act, xStocks ensures transparency and compliance. Chainlink-powered Proof of Reserves is coming soon. Available to over 41 million users in 200+ regions, the platform bridges traditional finance and Web3, enabling traders to diversify portfolios and access high-value equities at lower capital thresholds. xStocks aims to democratize equity trading and strengthen KuCoin’s digital asset ecosystem.
Bullish
The launch of xStocks on Solana creates a new high-demand use case for SOL, driving transaction volume and network utility. In the short term, increased activity from tokenized equity trades will boost SOL transaction fees. In the long term, this platform strengthens Solana’s position as a prime blockchain for asset tokenization and attracts more developers, supporting sustained demand for SOL. Overall, these factors point to a bullish outlook for SOL.