Global comprehensive investment brokerage Interactive Brokers is reviewing the expansion of cryptocurrency services, including the issuance of its own stablecoin. The company has not yet made a final decision, but is exploring ways to enable funding of fiat currency-based trading accounts through stablecoins.
According to Reuters, Interactive Brokers is considering allowing customers to easily fund their investment accounts using stablecoins and is also reviewing the expansion of asset transfer capabilities between major cryptocurrencies like BTC and ETH. Currently, the company is collaborating with regulated stablecoin issuer Paxos and cryptocurrency trading technology partner Zero Hash.
Interactive Brokers, which provides investment brokerage services in global markets, recorded over 3.8 million active accounts by the end of the second quarter of 2025, a 32% increase compared to the same period last year. Its assets under management amount to approximately $664 billion.
A company spokesperson told Cointelegraph that they are still exploring various possibilities and have not yet decided on full-scale implementation. This move is noteworthy as traditional financial institutions are looking to enter the market following the clarification of stablecoin regulations in the United States.
Indeed, after the GENIUS Act passed in the U.S. Congress on July 18, many large financial institutions in the U.S. are actively exploring stablecoin entry. Major banks like Bank of America, JP Morgan Chase, and Citigroup are also known to be preparing stablecoin projects. Currently, the stablecoin market is almost monopolized by cryptocurrency native companies like Tether (USDT) and Circle (USDC).
Meanwhile, the stablecoin market is experiencing rapid growth due to regulatory improvements. According to defillama, the global stablecoin market capitalization was approximately $266 billion as of June 2024, a 61.5% increase from a year ago. The market's growth is attributed to improved market credibility as the European Union, United States, and United Arab Emirates have been refining their regulatory frameworks.
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