Crypto On Deck? Interactive Brokers Explores Stablecoin Launch

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