Interactive Brokers Eyes 24/7 Stablecoin Funding for Crypto Clients


Interactive Brokers Eyes 24/7 Stablecoin Funding for Crypto Clients
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- Interactive Brokers considers stablecoin for 24/7 account funding and crypto transfers. - Move aligns with legacy finance push into blockchain amid clearer U.S. regulations. Interactive Brokers Group, a global brokerage powerhouse, is considering launching its own stablecoin to enhance digital asset capabilities for its customers. On July 28, 2025, Reuters reported that the initiative would enable 24/7 funding for brokerage accounts and facilitate asset transfers for popular cryptocurrencies. This development aligns Interactive Brokers with other traditional financial institutions expanding into blockchain technology under clearer U.S. regulatory frameworks. Thomas Peterffy, founder of Interactive Brokers, said the company is exploring the possibility of issuing a stablecoin. However, he clarified that the firm has not made a final decision regarding its implementation. One approach the company is considering would permit account funding through stablecoins from reliable, regulated third-party financial institutions. This strategy highlights the firm's focus on harnessing operational efficiencies while minimizing potential risks associated with the initiative. Interactive Brokers previously expanded into the cryptocurrency market by collaborating with the crypto platform Paxos and Zero Hash. The firm also holds an investment in Zero Hash, a crypto exchange. These partnerships allow clients to trade various cryptocurrencies, which demonstrates the firm’s commitment to integrating blockchain technology with traditional financial services. The potential stablecoin issuance would mark the next step in the company's broader strategic efforts in digital finance. The GENIUS Act has introduced a clearer regulatory framework for stablecoin issuers in the U.S., accelerating such technological adoption among legacy financial institutions. Stablecoin-based digital payment systems help firms reduce settlement risks, enable real-time liquidity access, and streamline account funding processes. These features make them attractive options for growth-oriented players like Interactive Brokers. As of 15:15 UTC on July 28, digital asset prices showed Ethereum (ETH) at $3,807.08, with a 0.19% volume change over the past 24 hours. During the same period, Bitcoin (BTC) stood at $118,196.03 and XRP traded at $3.16, showing volume declines of 0.16% and 0.34%, respectively. Tether USDt (USDT), a major stablecoin competitor, was priced at $1.00, with its trading volume decreasing by 0.03%.
Article Info
Category
Market
Published
2025-07-28 15:22
NFT ID
PENDING
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