'INTERACTIVE BROKERS' CONSIDERS 24/7 STABLECOIN FUNDING FOR BROKERAGE ACCOUNTS
⚡️TODAY: $57B financial giant Interactive Brokers is considering allowing crypto stablecoin funding for brokerage accounts. This may open new gates to crypto investing! 🔥 https://t.co/96tWQHW5Cn
ONLINE BROKERAGE FIRM 'INTERACTIVE BROKERS' CONSIDERS STABLECOIN LAUNCH, PLANS 24/7 INSTANT FUNDING AND CRYPTO TRANSFERS
Interactive Brokers Group is weighing the creation of a stablecoin that would let clients fund brokerage accounts and transfer digital assets around the clock, according to founder and chairman Thomas Peterffy. The Connecticut-based firm is still evaluating whether to issue the token itself or allow customers to use stablecoins minted by other institutions, with the final choice hinging on the credibility of the issuer. The online broker already offers trading in Bitcoin, Ether and other cryptocurrencies through partnerships with Paxos and the crypto-settlement platform Zero Hash. A proprietary or third-party stablecoin would extend that effort by enabling instant deposits and withdrawals outside traditional banking hours, mirroring services that rivals are beginning to roll out. Peterffy, a long-time crypto skeptic, said he remains unconvinced about the asset class’s intrinsic worth but is prepared to accommodate customer demand. Interactive Brokers ended June with 3.87 million accounts, a 32% jump from a year earlier, and now commands a market capitalization of roughly $110 billion after its shares gained about 47% in 2025. The deliberations place Interactive Brokers among a growing list of mainstream financial firms exploring blockchain-based payments as U.S. regulators adopt a more permissive stance. Robinhood last month introduced USDG, a dollar-pegged stablecoin issued by Paxos, underscoring the competitive pressure to offer faster, cheaper funding options.