According to PANews, Victory Securities, a Hong Kong-based virtual asset broker, has announced the addition of USDT and USDC deposit and withdrawal services to its VictoryX trading application. This makes it the first broker in Hong Kong to offer such services. Previously, VictoryX had already supported Bitcoin (BTC) and Ethereum (ETH) deposit and withdrawal services, providing a convenient platform for retail investors to trade cryptocurrencies.
USDT and USDC, as stablecoins pegged to fiat currencies, are widely used for trading, payments, and savings due to their price stability. The newly added stablecoin deposit and withdrawal features will make it easier for customers to deposit and trade these stablecoins. In addition, the soon-to-be-launched 'Flash Exchange' feature will simplify the exchange process between fiat currencies and stablecoins.