MyStonks completes upgrade and officially launches 95 US stock on-chain tokens

Odaily News MyStonks, a decentralized U.S. stock token trading platform, announced the completion of its upgrade and officially launched on-chain tokens covering 95 major U.S. stocks, including Microsoft (MSFT), Nvidia (NVDA), Apple (AAPL), Amazon (AMZN), Google (GOOGL), Meta (META), Tesla (TSLA), JPMorgan Chase (JPM), Bank of America (BAC), UnitedHealth (UNH) and other top global companies.
It is reported that MyStonks has reached a strategic cooperation with Fidelity, a global asset management giant, and Fidelity provides 100% asset custody guarantee for platform users to ensure that each token corresponds to real and compliant stock holdings. Users only need to use USDT or USDC stablecoins through self-hosted wallets to directly buy and sell corresponding ERC-20 stock tokens. The platform converts stablecoins into US dollars, purchases real stocks, and mints tokens 1:1 through the Base chain smart contract. The tokens held by users represent actual stock shares and can be traded or redeemed on the chain at any time. Price data is provided in real time by the Chainlink oracle to ensure that transaction prices are fair and transparent, and improve asset liquidity and security.