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Interactive Brokers to Permit Stablecoin Deposits for Brokerage Accounts

Interactive Brokers to Permit Stablecoin Deposits for Brokerage Accounts

Interactive Brokers Group begins phased rollout of stablecoin deposits for select U.S. accounts, reflecting growing integration of crypto payment options in mainstream brokerage services.

Summary

Interactive Brokers Group has begun introducing stablecoin deposits for individual brokerage accounts, with a gradual rollout to some U.S. customers. Founded in 1978 and serving over 2 million accounts worldwide, the firm expands its adoption of blockchain-based payment options. This follows Chairman Thomas Peterffy’s earlier disclosure of stablecoin funding plans and builds on the brokerage’s cryptocurrency trading expansion and investment in crypto infrastructure provider ZeroHash.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable reserve asset like the U.S. dollar to minimize price volatility.
  • Blockchain-based payment rails: Digital infrastructure that enables the transfer of value over blockchain networks, often reducing settlement times and transaction costs.