Interactive Brokers Group is weighing the launch of its stablecoin in July 2025 as U.S. regulators loosen rules on crypto, founder Thomas Peterffy told Reuters from the firm’s Greenwich, Connecticut, headquarters.
The move would enable clients to transfer funds instantly into their brokerage accounts by issuing or supporting dollar-backed tokens. The idea emerges as global finance shifts toward blockchain assets and demand for round-the-clock settlements increases.
Stablecoin Plans
In an interview, Thomas Peterffy said the firm is still deciding how to roll out a stablecoin service. No final plan is set, but Interactive Brokers is studying several models.
One option is to mint its own tokens. Another is to let customers fund accounts with third‑party stablecoins, provided the issuer earns the firm’s trust. Its own stablecoin would be a natural next step in that journey.
Interactive Brokers already works with Paxos under a partnership that lets customers trade popular cryptocurrencies.
Earlier this month, on July 12th, a crypto exchange, Zerohash announced Plans To Raise $100M At a $1 billion valuation backed by Interactive Brokers.
Customer Funding Options
If launched, the new token could power instant, 24/7 account funding. Clients would tap the stablecoin instead of waiting for bank wires.
Its founder said this could cut delays and lower costs. It would also let customers move assets in and out of their accounts at any time.
Some firms, like Robinhood and a consortium including Kraken and Galaxy Digital, have already released dollar‑pegged coins. Their Global Dollar Network uses a token called USDG issued by Paxos. Interactive Brokers is watching these efforts closely.
Risk and Caution
Thomas Peterffy noted that stablecoins carry risks. He said it is hard to pin down their true value without broad market use. “If we see people adopting it and ascribing a value to it, I’m okay with that,” he said, “but I’m still not convinced.” He warned against blind enthusiasm and called for careful oversight.
Critics say stablecoins can dodge bank checks that guard against money laundering. Regulators are weighing tighter rules to protect consumers without stifling innovation.
Broader Market Moves
Other major players are also moving in. Citigroup’s CEO, Jane Fraser, recently told analysts the bank may issue its own tokenised deposits. The plan would cover digital payments and custody services for crypto assets.
Polymarket, a blockchain‑based prediction platform, is weighing its own coin too. It could back reserves with yield‑earning assets or partner with Circle to share revenue on USDC usage. These efforts show how digital finance is evolving.
Impact on Trading Volumes
Interactive Brokers has seen strong growth this year. Its customer base rose to 3.87 million accounts at the end of June, up 32 % from a year ago. Market swings driven by U.S. tariff news helped boost trading levels.
As a result, its shares have climbed about 47 % since January, outpacing the S&P 500 Investment Banking & Brokerage index’s 20 % gain.
Morningstar analysts say the firm’s bets on crypto and prediction markets act as a hedge against any shake‑up in its core business of equities, futures, and derivatives.
As blockchain tokens gain ground in finance, Interactive Brokers is moving cautiously yet decisively. The firm aims to blend its traditional brokerage strengths with new digital rails.