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Interactive Brokers Weighs Issuing Stablecoin for Round-the-Clock Funding

The brokerage plans to improve customer funding speed by building blockchain-based payment rails around the clock.

Overview

  • Interactive Brokers is in the evaluation phase for a proprietary stablecoin with no final launch decision made
  • The firm is constructing infrastructure to enable instant, round-the-clock stablecoin deposits and streamlined crypto transfers
  • Its roadmap includes potential support for third-party stablecoins from credible issuers to broaden funding options
  • Existing partnerships with Paxos and Zero Hash continue to underpin Interactive Brokers’ cryptocurrency trading services
  • Founder Thomas Peterffy remains cautious about stablecoins’ fundamental value even as customer interest and industry initiatives grow