TREE NEWS update: Bybit has launched USDC-funded trading in more than 1,000 US stocks and ETFs, with Alpaca executing the trades and holding the underlying shares. Eligible users get a brokerage alternative to Bybit’s tokenized xStocks products.
Bybit Rolls Out USDC-Funded Trading in Over 1,000 US Stocks and ETFs
The notable part is the structure, not the ticker count: Alpaca holds the shares while Bybit fronts the interface, so this is brokerage access wrapped in a crypto balance rather than tokenized equity. That matters for users already holding USDC on the platform, who gain a route into traditional equities without leaving it — and it puts xStocks in the position of competing with a conventional alternative on the same venue. Whether the model spreads to other exchanges, and how it is treated across jurisdictions, is the open question.
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