Through the xStocks feature, users can directly purchase stocks of NASDAQ-listed companies using USDT, breaking the limitations of geography, time, and capital thresholds. Each token (e.g., NVDAX representing Nvidia) is fully backed by the physical stocks held by partner institutions, and the price is synchronized with the real-time stock price on NASDAQ.
What is xStocks?
xStocks is a tokenized stock trading section launched by the Gate trading platform, which converts traditional stock assets into digital tokens through blockchain technology.
This allows investors to directly trade digital assets pegged to real stock prices using cryptocurrencies like USDT, without the need for traditional securities accounts.
The essence of xStocks is a financial derivative fully backed by physical stocks, with each Token corresponding to the actual stocks held by the custodian. For example, NVDAX represents NVIDIA (NV