Finance

Article 70 of the Markets in Crypto-Assets Regulation (MiCA, Regulation (EU) 2023/1114) mandates that CASPs holding client crypto-assets or access means must implement robust arrangements to protect client ownership and ensure client assets remain safeguarded in the event of insolvency. The regulation strictly prohibits the use of client assets for proprietary accounts. Article 75 further requires custodial CASPs to segregate client holdings on the distributed ledger, maintain a holdings register and custody policy, and guarantee that client assets are legally and operationally separated from CASP property. This ensures that, in the event of bankruptcy, CASP creditors have no recourse to the custody assets.

The EU’s Markets in Crypto-Assets Regulation (MiCA) provides a unified approval and EEA passporting framework for Crypto-Asset Service Providers (CASP) throughout the EU. Stablecoins are regulated under two classifications: Electronic Money Tokens (EMT) and Asset-Referenced Tokens (ART). After Brexit, the UK’s Financial Conduct Authority (FCA) has pursued an independent regulatory path, centering on anti-money laundering registration, financial promotion approval, and further frameworks under the FSMA. There is no cross-border mutual recognition between the EU and UK; therefore, serving both markets requires separate compliance with each jurisdiction’s rules.

gStocks are tokenized securities backed one-to-one by actual shares and traded directly on the Gate order book. Traditional stocks are registered and held through brokers on securities markets. CFDs (Contracts for Difference) are derivative contracts that track the price of the underlying asset, usually without any actual share backing. The fundamental distinctions among these options involve the form of the underlying asset, the associated rights, and the governing regulatory structures. Be sure to clarify your specific needs before choosing between them.

The 1:1 peg of gStocks does not remove market volatility or liquidity risks. Unified account collaboration does not guarantee a strategic advantage. Regional and service availability are determined by the User Agreement. Common misconceptions include assuming that pegging eliminates all risk, that tokenization grants full shareholder rights, and overlooking regulations in restricted regions. Before trading, ensure you have thoroughly reviewed the mechanism, operational procedures, and compliance requirements.

The workflow for trading gStocks on Gate is as follows: confirm your account and stock tokenization permissions → prepare available funds such as USDT → search for assets in the stocks/gStocks section → select the order type and submit your order → review completed trades in the positions and bills area. The minimum threshold is approximately 1 USDT, with support for fractional shares and Auto Invest. Before placing an order, be sure to verify the ticker, fees, and regional availability.

gStocks’ 1:1 anchoring ensures that every circulating token is matched by an equal amount of native listed stocks held in reserve. Issuance and redemption are directly linked to reserve management, allowing users to seamlessly convert between stock holdings and tokenized units. While this anchoring mechanism resolves asset mapping and reserve backing challenges, it does not mitigate market volatility or liquidity risks.

gStocks converts listed stocks into tokenized securities that can be traded on the Gate platform, with each circulating token backed 1:1 by underlying real stock reserves. The product features order book matching, supports fractional shares and low participation thresholds, and dividends are automatically settled by the system. These tokenized stocks can be managed alongside crypto assets within the unified account. To properly understand gStocks, users should review the anchoring logic, trading rules, and the applicable scope of regulatory compliance.

MoneyGram, a leading international remittance service provider, has recently introduced the MGUSD USD stablecoin, deploying it on the Stellar blockchain network. By integrating this stablecoin into its proprietary application, MoneyGram seeks to empower users to hold digital dollars, facilitate global fund transfers, and convert to local fiat currencies. This initiative underscores the cross-border payments industry's ongoing shift toward incorporating blockchain technology and stablecoins as foundational infrastructure.

As stablecoins continue to play a crucial role in global payments and cross-border remittances, an increasing number of payment institutions are building their own digital dollar ecosystems. MGUSD, introduced by MoneyGram, stands out as a key case combining blockchain technology, stablecoins, and cross-border payment solutions.

As stablecoins continue to establish themselves as essential infrastructure for global payments, more and more payment providers are investing in digital dollars and blockchain technology. MoneyGram’s introduction of MGUSD signifies not only the launch of a new USD stablecoin, but also highlights the payment industry’s ongoing shift toward digitalization, real-time transactions, and integrated cross-border solutions. This article examines MGUSD’s position in cross-border finance from the perspective of the global payments ecosystem, and explores how MoneyGram leverages infrastructures like Stellar, Bridge, and Stripe to collaboratively build the next generation of stablecoin payment networks.

The MiCA passporting mechanism enables crypto-asset service providers (CASPs) to obtain Article 63 authorization from their home country’s national competent authority (NCA). Afterward, CASPs submit a cross-border service notification to the home NCA, which must forward it within 10 business days to the host country’s NCA, the European Securities and Markets Authority (ESMA), and the European Banking Authority (EBA). This process allows CASPs to offer authorized services in the notified member states without having to apply for a separate license in each country.

Within the MiCA Stablecoin regulatory framework, EMT (Electronic Money Token) is tied to a single fiat currency and governed by electronic money payment rules. In contrast, ART (Asset-Referenced Token) is backed by a basket of assets and is subject to more stringent capital and systemic risk management requirements. The two differ structurally in issuance qualifications, reserve composition, redemption rights, and the criteria for significant token recognition.

On Gate, buying Korean stocks with USDT means using stablecoins like USDT as your funding medium to invest in the Korean stock market through the Gate Stocks Korean Stock Section. Once you've completed account verification and opened a stock trading account, you can view Korean listed company stocks, place trades, and manage your holdings — all through a unified account system. No need for traditional cross-border securities accounts or bank wire transfers to access the Korean market.

Tencent Holdings stands as one of the most iconic technology companies on the Hong Kong stock market and a major component of both the Hang Seng Index and the Hang Seng Tech Index. Following Gate's launch of Hong Kong stock trading services, users can invest in Tencent Holdings using USDT via the Gate Stocks platform, while managing Hong Kong stocks, U.S. stocks, and digital assets on the same platform.

At its core, buying U.S. stocks means choosing a way to connect your funding account with the U.S. equity market. For mainland Chinese investors, the most common approaches today include traditional overseas brokers, accessing U.S. equities through Hong Kong-related market channels, and participating in U.S. stocks and ETFs through Gate Stocks using USDT.