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Highlights
- Interactive Brokers is considering issuing a stablecoin so that users can fund accounts in crypto.
- The GENIUS Act passed by Trump eased crypto regulations enabling brokerages experiment with Stablecoins.
- The IBKR stock has surged by 47% since the start of this year.
Interactive Brokers is exploring the option of providing a stablecoin. This stablecoin can help fund brokerage accounts instantly at any time of the day. This step would be a significant one in the firm’s digital finance strategy.
Interactive Brokers Eyes Stablecoin Launch as Trump’s Crypto Law Reshapes Industry
According to a Reuters report, Interactive Brokers is exploring the idea of issuing a stablecoin to support round-the-clock crypto funding. The move comes as the company looks to expand its presence in digital finance.
It is also happening at a time when the industry is gaining regulatory clarity in the U.S., including the signing of the GENIUS Act by President Trump. Interactive Brokers already allows crypto trading through partnerships with Paxos and Zero Hash.
Its consideration of launching a proprietary stablecoin puts it in line with competitors like Robinhood, which recently introduced a dollar-backed coin called USDG. Stablecoins are tokens tied to fiat currencies that allow digital transfers without going through banks. Advocates argue that they simplify payments, but critics argue they can be misused by those seeking to bypass anti-money laundering checks.
Chairman Thomas Peterffy confirmed the firm is working on options, although no final decision has been made. He stated that enabling 24/7 stablecoin funding for brokerage accounts is a primary goal. The plan would allow users to instantly deposit crypto-linked assets without relying on traditional banking hours.
Peterffy noted that Interactive Brokers may also support stablecoins issued by other firms, provided the issuer has strong credibility. This could give customers more flexibility in how they fund and manage trading accounts.
Peterffy admitted skepticism about the fundamental value of cryptocurrencies, saying he remains cautious about mass adoption. Still, he acknowledged the potential for wide usage if users assign value to the digital assets.
IBKR Stock Flat Amid This Development
TradingView data shows that the IBKR stock is trading flat amid this development, with a gain of less than 1% in today’s trading session, trading at around $65.62. However, the stock is up 47% year-to-date (YTD).
Meanwhile, Interactive Brokers is also ranked among the top three U.S. trading platforms, with a market capitalization of $111 billion. It has also been adding services recently. For instance, it launched ForecastEx, a yes-or-no prediction market contract.
It is worth noting that the firm is the latest traditional firm to make a stablecoin-related move. Recently, PayPal launched crypto payments for U.S. merchants, supporting over 100 coins with lower fees and PYUSD integration
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