Interactive Brokers is considering launching a stablecoin for customers, a move that would add one of the world’s largest discount brokerages to the list of firms using crypto, Reuters reported on July 28.

Founder Thomas Peterffy said in an interview with the newswire that the company is “working on potentially issuing stablecoins.” However, a final decision on the structure and rollout has not been made. 

In parallel, the broker is establishing instant, round-the-clock stablecoin funding for brokerage accounts and providing support for asset transfers in commonly traded cryptocurrencies.

Diving deeper

Interactive Brokers, valued at approximately $110 billion, already offers crypto trading through partnerships with Paxos and Zero Hash, an exchange infrastructure provider in which it is an investor. 

Among the options on the table, the firm could allow customers to fund accounts with stablecoins issued by other financial institutions, provided the issuer’s credibility is established.

Peterffy has already voiced skepticism about cryptocurrencies in the past and said he remains cautious, even as client demand grows. He added:

“It’s basically hard to grasp its fundamental value. If we see people adopting it and ascribing a value to it, I’m okay with that, but I’m still not convinced.”

Stablecoins are digital tokens designed to track the value of a stable asset, typically the US dollar, and are used to transfer value across borders without relying on traditional banking systems.

Interactive Brokers’ rival, Robinhood, unveiled the Global Dollar Network last year. The initiative is a consortium effort centered on USDG, a dollar-pegged stablecoin issued by Paxos. 

The competitive backdrop highlights how large retail platforms are racing to wrap core brokerage services, such as deposits, withdrawals, and collateral management, around stablecoin rails.

Hedging against disruption

Interactive Brokers has been pushing into adjacent bets on market structure. Last year, it launched ForecastEx, a prediction market that allows investors to buy “yes” or “no” contracts tied to specific questions, a product the firm views as a hedge against disruption to its core equities, futures, and options franchise, as well as crypto. 

The company ended June with approximately 3.87 million customer accounts, up 32% from the same period a year earlier, as trading activity remained elevated during a year of policy-driven volatility. 

Its shares have gained roughly 47% year to date, outpacing a sector index that has risen about 20%. Analysts at Morningstar recently called the predictions market and crypto offerings an “effective hedge” for the business.

Mentioned in this article

Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin.

The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using the company’s fiat-pegged cryptocurrency. Interactive is also exploring adding support for asset transfers for commonly traded cryptocurrencies.

Interactive Brokers is a brokerage firm that provides trading and investment services across global markets. The company recently reported over 3.8 million active accounts at the end of the second quarter of 2025, a 32% increase from a year ago. It has more than $664 billion in assets under management.

“We’re still exploring possibilities and haven’t yet decided whether to move forward,” a spokesperson for Interactive told Cointelegraph.

Interactive Brokers has a partnership with Paxos, a regulated stablecoin issuer, and has collaborated with Zero Hash for crypto trading operability.

The company’s plans come as many traditional finance firms are considering launching stablecoins in the US after the passage of the GENIUS Act on July 18. Bank of America, JPMorgan Chase, and Citigroup are all reportedly entering the stablecoin market, currently dominated by crypto native companies like Tether and Circle.

Related: Stablecoins 101: What are crypto stablecoins, and how do they work?

Stablecoin boom comes with regulatory clarity

Stablecoins have gained traction in the past year as regulations like the European Union and the United States created a framework for these assets. Other countries, including the United Arab Emirates, have also started to work on regulatory frameworks for stablecoins.

The increased clarity has led to a boom in the asset class. According to DeFiLlama, the overall stablecoin market cap has reached $266 billion as of Monday, a 61.5% over the past 12 months.

Stablecoins are often used for remittances or other cross-border transactions, as well as payroll and dollar accumulation, especially in developing countries. Stablecoin supporters and companies in the industry promote such tokens as a tool to increase the dollar’s dominance.

Magazine: Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

]]> https://earlybirdsinvest.com/crypto-on-deck-interactive-brokers-explores-stablecoin-launch/feed/ 0 50222 https://earlybirdsinvest.com/interactive-brokers-leads-funding-for-1000000000-stablecoin-startup-zero-hash-report/ https://earlybirdsinvest.com/interactive-brokers-leads-funding-for-1000000000-stablecoin-startup-zero-hash-report/#respond Mon, 14 Jul 2025 07:04:14 +0000 https://earlybirdsinvest.com/interactive-brokers-leads-funding-for-1000000000-stablecoin-startup-zero-hash-report/

The brokerage firm that operates the largest US electronic trading platform by daily average revenue is reportedly leading a funding round for the crypto and stablecoin infrastructure startup Zero Hash.

Zero Hash provides the backend infrastructure that enables banks, brokerages and fintech companies offer cryptocurrencies, non-fungible tokens (NFTs) and other digital assets to their customers. 

Citing sources familiar with the matter, Fortune reports that Zero Hash is poised to raise about $100 million at a nearly $1 billion valuation in a new funding round spearheaded by Interactive Brokers. 

In 2022, the startup raised $105 million in a Series D round that saw the participation of the private investment firm Bain Capital, American hedge fund Point72 Ventures and fintech venture capital firm Nyca. Citing data from PitchBook, Fortune reports that Zero Hash was valued at $340 million after the Series D capital raise. 

The latest push to raise additional capital comes amid the growing popularity of stablecoins – cryptocurrencies which are pegged to another asset such as the US dollar or commodities.

In 2022, the payment processing company Stripe tapped Zero Hash’s infrastructure to launch an embeddable and customizable fiat-to-crypto on-ramp solution. And in 2024, Zero Hash teamed up with Securitize, a real-world asset tokenization platform, to allow qualified institutions to convert the USDC stablecoin into US dollars. 

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