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I discovered that Matrixport, a well-known crypto platform, has also launched a US stock trading feature, and you can deposit USDT/USDC.
The news report indicated a direct connection to licensed US brokerages, which is great as it eliminates CRS restrictions. I tried it, and surprisingly, I could open an account using only my ID card – the whole process was completed smoothly in 10 minutes.
The interface is somewhat similar to Moomoo in the US, catering to the trading habits of Chinese users. Most importantly, it addresses two major pain points: KYC verification and stablecoin deposits.
Compared to on-chain US stocks, it also has full brokerage functions, and there are no restrictions on the types of US stocks you can buy. Most importantly, you can also get dividends from holding the stocks. I plan to transfer some of my USDT to it.
Currently, this is likely the only service that has established a direct channel from USDT to US stocks. Deposits are instantaneous and available 24/7, making it significantly more convenient than Hong Kong brokerages that only offer deposits during business hours.
However, the window for opening accounts is likely to be short. Once new accounts become large enough, they will face regulatory scrutiny. Those who need them should act quickly, as time waits for no one. @Matrixport_CN

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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