Interactive Brokers considers launching a stablecoin

ChainCatcher reports, citing Reuters, that Interactive Brokers is considering launching a stablecoin for its clients. The report quotes Interactive Brokers founder Thomas Peterffy as saying that this integration would provide 24/7 stablecoin financing for brokerage accounts and enable asset transfer services for popular cryptocurrencies. This is not the first time the brokerage giant has ventured into the cryptocurrency industry.

Reportedly, the company integrated cryptocurrency trading and custody services at the end of 2021, covering four assets: BTC, ETH, LTC, and BCH, and expanded support for SOL, ADA, XRP, and DOGE in March.

In addition, the company holds shares in the cryptocurrency trading platform Zero Hash and has established a partnership with stablecoin issuer Paxos.

Currently, Thomas Peterffy has not yet decided how to launch the stablecoin and is considering integrating stablecoins issued by other companies, depending on their credibility.