Interactive Brokers Will Accept Stablecoins

Core Viewpoint - Interactive Brokers is expanding its services to accept stablecoins, enhancing its payment capabilities and positioning itself in the evolving digital asset landscape [1][3]. Company Overview - Interactive Brokers has over 4 million clients globally and manages assets exceeding $750 billion [1]. - The company executes an average of 4,273,000 trades per day, making it one of the largest electronic brokers based on daily average revenue trades [1]. Stablecoins and Payment Innovations - Stablecoins are being redefined as a new form of payments and value transfer, particularly payment stablecoins backed by secure assets like US Treasuries [2]. - The GENIUS Act has legalized stablecoins as a form of payment, allowing for secure and low-cost transfers [2]. Partnership and Service Details - Interactive Brokers is partnering with ZeroHash, a digital asset infrastructure firm, to facilitate the acceptance of stablecoins [3]. - Currently, only USDC, issued by Circle, is permitted on the platform [3]. - The service allows for transactions with a minimum of $10, a maximum of $25,000 daily, and $100,000 monthly [3]. Current Offerings - Interactive Brokers currently provides limited cryptocurrency trading as part of its brokerage services [4].