Futu Securities will soon support USDT/USDC deposit.

On May 7, it was reported that Futu Securities is conducting a gray test for the cryptocurrency deposit function, with an official announcement expected within this week. The first phase will support deposits of USDT and USDC stablecoins, allowing users to directly transfer their crypto assets to their existing securities accounts and seamlessly convert to USD to participate in investments in US stocks, Hong Kong stocks, and Japanese stocks.
The current beta version has basic functionalities, only adding an independent section for digital assets in the user's comprehensive account, and does not allow withdrawal operations. If the feature is implemented, it will become a benchmark case for traditional licensed brokers to connect digital assets with mainstream stock markets. Futu's move may pave the way for the subsequent launch of a complete digital asset delivery versus payment (DvP) system.
Internet brokerages are making a large-scale entry into the cryptocurrency market and the integration of stablecoins has entered a countdown. Futu Securities' internal testing is of great significance and is expected to stir up new waves in the financial market, providing investors with more diversified investment options. Future developments are worth continued attention.