Interactive Brokers Explores Stablecoin Launch Amid Crypto Market Expansion

Interactive Brokers Group, the $110 billion discount brokerage giant, is evaluating the issuance of a proprietary stablecoin for customer accounts. Founder Thomas Peterffy confirmed the exploratory phase in a Reuters interview, though emphasized no final decision has been made. The MOVE signals deepening institutional engagement with digital assets despite lingering skepticism.

The firm simultaneously develops infrastructure for 24/7 stablecoin funding of brokerage accounts and cryptocurrency transfers. Peterffy left open the possibility of integrating third-party stablecoins from credible issuers, reflecting the industry's maturation. His cautionary remarks about crypto's volatility and illicit use cases underscore the balancing act traditional finance faces when embracing blockchain innovation.