Buying real US stocks with stablecoins is now possible. If you hold USDC or USDT or any other supported stablecoins, you can deposit directly on Backpack Exchange and use that balance to buy US stocks with real ownership. Not synthetic contracts. Not price-tracking derivatives. Shares custodied under US securities law, with the same economic rights a traditional broker account would give you.
Backpack is the gateway that makes this possible. It lets you deposit stablecoins, buy real US stocks with full ownership rights, and manage everything in the same account you already use for crypto trading.
Two ways to buy US stocks with stablecoins today
The stablecoin path to US stocks has two main routes today.
Traditional brokers accepting stablecoin deposits. Firms like Interactive Brokers (IBKR) and Tastytrade now accept USDC and other stablecoins as a funding method. You buy real US stocks with full shareholder rights during standard US market hours (9:30 AM–4:00 PM ET, Monday to Friday). Withdrawals back to a crypto wallet are not supported.
Tokenized stock products. Products like xStocks (issued by Backed) and Ondo Global Markets let you buy tokenized US stocks using stablecoins. These are on-chain tokens that track stock prices. Token holders do not hold the underlying stock directly under US securities law.
Where Backpack fits. Backpack combines what each path is missing. You get real US stocks held as security entitlements under New York UCC Article 8, funded directly with stablecoins, with a growing set of tickers tradable 24/7, including weekends and holidays.
Why buy US stocks with stablecoins on Backpack?
Several platforms now support US stock trading with stablecoins, but the experience differs. Here is what Backpack offers.
Stablecoin funding, USD settlement. Deposit USDC and it is credited to your USD balance at 1:1, automatically, instantly, and with no fee. That USD balance buys real shares. If you hold USDT, convert it to USDC on Backpack with zero fees first, then the same flow applies.
Extended market access. Traditional US stock markets close on weekends, holidays, and after 4pm ET on weekdays. On Backpack, US stocks trade 24/5, and a growing set of selected tickers trades 24/7, including weekends and holidays. For those stocks, you can trade when Asia opens on Monday morning, when news breaks on a Sunday night, or when you finish work in a different time zone.
Yield on your idle balance. In a traditional brokerage, cash sitting in your account earns nothing. On Backpack, once you enable Auto Lend, your USDC balance automatically earns yield with no further action required. There is no separate earn account to manage, no lockup period. You can earn up to 6.8% APY on your balance.
One account for crypto and stocks. Your crypto positions, your stablecoin balance, your US stocks, and your yield all live in the same interface. No moving funds between a broker, a bank, and an exchange to rebalance.
What to know before you trade
Before placing your first order, make sure:
- Your Backpack account is verified (KYC). There is no additional verification specific to stocks.
- You are located in a supported region. Check Backpack's eligibility page to confirm.
- You have available USD balance. USDC deposits convert to USD at 1:1. USDT can be converted to USDC on Backpack with zero fees. Fiat wire deposits are also supported.
Step-by-step: Buying US stocks with stablecoins on Backpack
Step 1: Fund your account with stablecoins
Deposit USDC into your Backpack account. The balance is credited to your USD wallet at a 1:1 rate and is immediately available for stock purchases.
If you hold USDT, deposit it first, then convert to USDC on Backpack with zero fees. The USDC balance will convert to USD automatically once it lands in your account.
Step 2: Find and open a stock
From the Stocks home page, search for the company or ticker you want to trade. You can also browse market index cards, movers lists, or the Explore section to discover stocks. Select any ticker to open its detail page.
Step 3: Place your order
Choose Buy and enter the number of shares. Select Preview to see a live quote showing the estimated price, subtotal, and total. Quotes refresh automatically every few seconds.
Confirm the trade. If successful, the shares are credited to your account and represent real ownership under US securities law.
For a detailed walkthrough with screenshots, see Backpack's How to Buy & Sell Stocks on Web guide.
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