Bybit has launched USDC-funded trading for more than 1,000 US stocks and ETFs, significantly expanding its tokenized stock offerings. The new feature allows eligible users to trade US stocks with USDC, a stablecoin pegged to the US dollar. This move is part of Bybit's efforts to increase its presence in the US market.
Source
"Bybit Expands US Stock Trading with USDC-Funded Options" — The Defiant
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
The trading service is executed by Alpaca, a brokerage platform that holds the underlying shares, giving users a brokerage alternative to Bybit's tokenized xStocks products.
