Interactive Brokers Mulls Stablecoin Launch to Serve Users

Key Points

1. Interactive Brokers, with a market value of roughly $110 billion, is exploring stablecoin options to enhance its trading ecosystem.

2. The brokerage may allow third-party stablecoins from trusted institutions or launch its own stablecoin for 24/7 funding and crypto transfers.

3. Interactive Brokers has expanded its digital asset support, including major cryptocurrencies like Bitcoin, Ether, Solana, and Dogecoin.

4. The firm's customer account base grew 32% year-on-year as of June, and its stock has risen 47% since January.

5. Interactive Brokers introduced ForecastEx, a predictions market platform, and previously participated in a stablecoin project called USDG with partners like Kraken and Galaxy Digital.