No, everyone

Can we please stop being so jumpy about Chinese CT😂😂

The CFD platforms for forex, commodities, and stocks have supported USDT deposits for at least 4/5 years: Wanchain, XM, TMGM, and hundreds of other brokers worldwide, have long been able to start trading with USDT

In fact, for many regions, USDT is the primary deposit method for CFD platforms

Additionally, brokers like Interactive Brokers and other CFD brokers have a different logic for customer acquisition using full U tokens

They are providing deposit options for existing customers (already registered, KYC completed); rather than the other way around, offering broker services to U-based users

Most U-based users either cannot KYC / find it troublesome, or prefer not to KYC (due to tax issues)

Similarly, Interactive Brokers in compliant regions does not require stablecoin deposits, and bank deposits are cheaper; in these regions, they are brokers, and their user profile mainly involves stocks and options, which is correct

But in non-US regions, especially countries where onshore compliance is difficult, the number of people able to trade US stocks is small (research thresholds are high), so they mainly focus on FX and commodities, primarily through CFDs, similar to “forex trading” brokers, which are not the same thing

The approach to onboarding is completely different

Therefore, it does not significantly impact the target audience for on-chain US stocks: U-based users, who have never been onboarded by traditional brokers like Interactive Brokers or CFD brokers, do not have or want KYC, and seek exposure without necessarily holding assets

This demand can be addressed through tokenization or synthetic positions

If Interactive Brokers does it, then on-chain platforms shouldn’t do it either; fundamentally, it’s the same as “if XXX coin doesn’t do well, then XXX chain/exchange shouldn’t do it either”😂