Interactive Brokers is considering launching a stablecoin for customers, enhancing its crypto services with 24/7 funding and asset transfers.
Interactive Brokers is contemplating the launch of a stablecoin to facilitate 24/7 funding for brokerage accounts and streamline asset transfers in popular cryptocurrencies. This follows its prior involvement in crypto trading through partnerships with Paxos and Zero Hash. Founder Thomas Peterffy expressed caution about cryptocurrencies, despite growing client demand, while the firm aims to enhance its competitive edge in the brokerage market.