Interactive Brokers, a trading firm, is set to broaden its cryptocurrency services, potentially introducing a proprietary stablecoin. This initiative, reported by Reuters, would enable traders to fund their brokerage accounts using the firm's fiat-pegged cryptocurrency. The company is also considering support for asset transfers of popular cryptocurrencies. With over 3.8 million active accounts as of Q2 2025, marking a 32% increase year-over-year, Interactive Brokers manages over $664 billion in assets. A spokesperson mentioned that while they are exploring options, no final decision has been made. The firm has partnered with Paxos, a regulated stablecoin issuer, and collaborated with Zero Hash for crypto trading. This move aligns with a trend among traditional finance firms, including Bank of America and JPMorgan Chase, to enter the stablecoin market following the GENIUS Act's passage. The stablecoin market has surged, reaching a $266 billion cap, driven by regulatory clarity in the US and EU, making them increasingly popular for remittances and cross-border transactions. Read more AI-generated news on: https://app.chaingpt.org/news