xStocks Go Live on KuCoin: Trade Tokenized Tesla, NVIDIA, and MicroStrategy with USDT

• 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, r…

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