Stablecoins Power MyStonks' $19K Trading Clash in Tokenized Finance Frontier

MyStonks, a decentralized real-world asset (RWA) trading platform, has announced a new contract trading competition for US Stock Tokens, offering a total prize pool of $19,000. The competition is part of the platform’s broader strategy to enhance user engagement and expand its trading offerings. This initiative comes amid growing interest in tokenized assets and the increasing adoption of blockchain-based financial instruments. The competition will allow participants to demonstrate their trading prowess with a range of US stock tokens and potentially claim a share of the prize pool.

The competition follows MyStonks’ recent launch of the “Cryptocurrency Contract” section, which introduced 10 major trading pairs, including BTC/USDT, BNB/USDT, and ETH/USDT, among others. These contracts support up to 100x leverage and can be funded using USDC or USDT across multiple blockchains such as Solana, Ethereum, Base, and Tron. This expansion underscores MyStonks' focus on integrating both cryptocurrency and tokenized stock products into its ecosystem, aiming to provide a unified trading environment for a global user base.

In a related development, MyStonks has previously launched products like “RWA Spot” and “Cryptocurrency Spot,” which together have supported over 180 US stock tokens, including major equities like AAPL and TSLA. The platform has recorded a cumulative trading volume of approximately $2.5 billion, with nearly 40,000 registered users. The competition is expected to attract further attention and participation, particularly given the recent growth in interest around tokenized equities and stablecoin-based transactions.

The role of stablecoins in facilitating low-cost, seamless transactions has been highlighted by MyStonks CMO Keaton Hu. In a recent appearance at the 2025 Taipei Blockchain Week, he emphasized how stablecoins like USDT and USDC enable frictionless trading and cross-border participation. This aligns with MyStonks’ broader vision to leverage stablecoins to democratize access to global financial markets, including US stocks and bonds.

The launch of the competition and continued expansion of MyStonks’ product suite coincides with broader industry trends. Major financial institutions, including Nasdaq, are exploring tokenized securities as a means to modernize traditional trading systems. Nasdaq recently submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to tokenize stocks and integrate blockchain-based trading alongside conventional methods. If approved, this would represent a significant shift in the securities market and further validate the growing role of tokenized assets.

The ongoing efforts by both traditional financial institutions and decentralized platforms highlight the convergence between Web3 and traditional finance. MyStonks’ competition represents a step forward in this integration, encouraging traders to engage with emerging asset classes while competing for substantial prizes. As more platforms and institutions enter the tokenized asset space, the competitive landscape is expected to intensify, with innovation and user experience becoming key differentiators.

Source:

[1] MyStonks launched the "Cryptocurrency Contract" section with the first batch of 11 mainstream trading pairs including BTC, ETH and WLFI (https://www.mexc.com/es/news/mystonks-launched-the-cryptocurrency-contract-section-with-the-first-batch-of-11-mainstream-trading-pairs-including-btc-eth-and-wlfi/89145)

[2] Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks (https://www.coindesk.com/policy/2025/09/08/nasdaq-seeks-nod-from-u-s-sec-to-tokenize-stocks)

[3] MyStonks CMO Keaton Hu: The coexistence of multiple stablecoins is not a flaw, but a necessity for a decentralized ecosystem (https://www.mexc.com/en-GB/news/mystonks-cmo-keaton-hu-the-coexistence-of-multiple-stablecoins-is-not-a-flaw-but-a-necessity-for-a-decentralized-ecosystem/87977)