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No. If you can make the U disk into a dongle, then do the dongle line will have to go out of business, these two are different electronic products, the chip is not the same, and yo...

Can USB flash drive be used as a dongle?

No. If you can make the U disk into a dongle, then do the dongle line will have to go out of business, these two are different electronic products, the chip is not the same, and you this software is encrypted, in order to run it, one is to buy the dongle to the software developer, the second is to directly break the software, directly from the market to buy back the dongle is useless.