Interactive Brokers Reportedly Looking Into Stablecoin Issuance

Interactive Brokers Group (NASDAQ:IBKR) is weighing the possibility of issuing a stablecoin, joining a wave of traditional finance firms expanding into digital assets.

What Happened: As the crypto landscape sees friendlier U.S. regulations and increasing adoption, the firm is evaluating how a stablecoin product might serve its clientele, Reuters reported on Monday.

Founder and Chairman Thomas Peterffy confirmed in an interview with Reuters that the company is exploring the idea but hasn’t finalized how such a product would be rolled out.

With a market cap nearing $110 billion, Interactive Brokers already facilitates crypto trading through partnerships with Paxos and Zero Hash, and it’s now working on features like …

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