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Gate Lets Users Buy More Than 1,000 Hong Kong Stocks With USDT

It converts stablecoin balances into a funding rail for cross‑market equity trading, signaling growing exchange competition to offer tokenized and traditional assets.

Overview

  • Gate has opened access to over 1,000 Hong Kong Exchange listings and lets customers fund purchases directly with USDT from their Gate accounts.
  • Users can manage U.S. and Hong Kong positions from a single Gate stock account with prices and profit-and-loss shown in Hong Kong dollars and trading restricted to regular market hours.
  • The service covers Main Board and GEM shares and includes major names such as Tencent, HSBC, CATL, China Mobile, Xiaomi, Meituan, BYD, Ping An, AIA and Hong Kong Exchanges and Clearing.
  • The rollout builds on Gate’s existing stock product that supports more than 10,000 U.S. stocks and follows similar moves by Binance and Bitget to expand tokenized and fiat-linked equity access.
  • The change makes stablecoins more useful for traditional investing and could raise near-term questions about product structure, liquidity and regulatory oversight as exchanges grow cross‑market offerings.