Crypto on deck? Interactive Brokers explores stablecoin launch

Trading company Interactive Brokers is considering expanding its cryptocurrency services, according to reports from Reuters.

These potential new offerings could include a proprietary stablecoin allowing users to fund brokerage accounts using a company-issued, fiat-pegged cryptocurrency, alongside support for transfers involving major cryptocurrencies like Bitcoin and Ethereum.

Interactive Brokers, a global market provider with over 3.8 million active accounts at the end of the second quarter of 2025 (representing a 32% YoY increase) and managing >$664 billion in customer assets, increasingly sees clients seeking cryptocurrency exposure.

A spokesperson for Interactive Brokers stated: “We’re still exploring possibilities and haven’t yet decided whether to move forward”

The firm already maintains partnerships with regulated stablecoin issuer Paxos and has worked with crypto trading infrastructure provider Zero Hash.

The introduction of these services occurs as new U.S. financial legislation, the GENIUS Act passed on July 18, is expected to encourage traditional finance institutions to enter the stablecoin market—a space currently dominated by cryptocurrency-native entities like Tether and Circle. Financial heavyweights including Bank of America, JPMorgan Chase, and Citigroup are reportedly exploring this route.

Stablecoins are experiencing significant growth as regulatory frameworks in the U.S., the European Union, and other jurisdictions like the UAE begin to clarify their legal status. This has fueled a dramatic expansion in the asset class. According to DeFiLlama, the overall stablecoin market capitalization has nearly tripled over the past twelve months, reaching $266 billion recently.

They are promoted as utilities for remittances, cross-border transactions, payroll, and dollar accumulation, particularly in developing economies, contributing further to dollar dominance.