TREE NEWS update: Gate has completed cash dividend distribution for 99 US stocks including Starbucks (SBUX), Citigroup (C), and Novo Nordisk (NVO), paying out in USDT equivalent to eligible users. The distribution covers corporate dividend dates from August 24 to 28, 2026, across multiple sectors. Users can view details in the app’s TradFi-stock section.
Gate Completes Dividend Distribution for 99 US Stocks
This marks a concrete step in bridging traditional equity income with crypto-native payout rails, as dividends are settled in USDT rather than fiat. For users holding tokenized stocks, it tests whether corporate action mechanics—like dividend dates and eligibility—can be replicated seamlessly on a crypto exchange. The multi-sector scope suggests broader integration beyond a pilot, but the real signal is operational reliability: whether distributions arrive accurately and on time across diverse issuers. Watch for how this affects liquidity and user trust in tokenized equities, and whether other platforms follow suit with similar payout structures.
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