Interactive Brokers is considering launching a stablecoin

ChainCatcher news, according to a report by Reuters, Interactive Brokers is considering launching a stablecoin for its clients. The report cites Interactive Brokers founder Thomas Peterffy as saying that this integration will provide round-the-clock stablecoin financing for brokerage accounts and asset transfer services for commonly used cryptocurrencies. This is not the first time this brokerage giant has ventured into the cryptocurrency industry.

It is reported that the company integrated cryptocurrency trading and custody services at the end of 2021, covering four assets: BTC, ETH, LTC, and BCH, and expanded support for SOL, ADA, XRP, and DOGE in March.

In addition, the company also holds shares in the cryptocurrency trading platform Zero Hash and has established a partnership with stablecoin issuer Paxos.

Currently, Thomas Peterffy has not decided how to launch the stablecoin and is considering integrating stablecoins issued by other companies, depending on their credibility.