Interactive Brokers considers supporting Stablecoin: A major step for 24/7 Crypto trading!
Billionaire Thomas Peterffy, founder of brokerage firm
#InteractiveBrokers , has just revealed that the company is considering supporting stablecoin. This move promises to allow Interactive Brokers' clients to trade and transfer assets 24/7, providing exceptional convenience and flexibility.
Potential support and market trends
Interactive Brokers is expected to support stablecoin as a trading capital asset and allow for continuous money transfers. This is not the first time this $150 billion brokerage firm has ventured into crypto. Since 2021, they have started custodial services for
$BTC ,
$ETH ,
$LTC , BCH, then expanded to SOL, ADA, XRP, DOGE in March this year, while also partnering with Zero Hash exchange and Paxos issuer.
The decision by Interactive Brokers comes just weeks after U.S. President Donald Trump signed the GENIUS stablecoin regulation law, officially recognizing this type of asset in the United States. This is a signal that
#stablecoin is increasingly being widely accepted. Many major financial institutions such as JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, along with retail giants Amazon and Walmart are also experimenting with stablecoins. Even Tether has committed to compliance and may launch a USDT version specifically for the U.S. market.
On the same day, July 28, PayPal also announced the "Pay with Crypto" service, allowing payments in over 100 types of cryptocurrencies by converting to stablecoin PYUSD. All these developments indicate a bright and more integrated future for stablecoins in the global financial system.