Interactive Brokers Now Accepts Stablecoins in a Bid to Remain Competitive

Interactive Brokers has started allowing U.S. retail investors to fund their individual brokerage accounts with stablecoins, a move intended to keep pace with the increasingly competitive retail trading market and crypto-native competitors like Robinhood. This integration of blockchain-based payment rails aims to reduce friction and speed up transfers, aligning with a trend among traditional brokerages incorporating crypto features to retain clients. The feature is being rolled out gradually to eligible U.S. clients, following an initial announcement by Chairman Thomas Peterffy. Interactive Brokers has also been active in crypto infrastructure, notably leading a $104 million funding round for ZeroHash, and has previously explored issuing its own stablecoin.

(Source：CoinDesk)