Interactive Brokers Embraces Stablecoins for Funding

Interactive Brokers, a prominent brokerage firm, is now enabling individual investors to fund their accounts using stablecoins, aiming to stay competitive in the rapidly evolving retail trading landscape. This move, following rivals like Robinhood and Charles Schwab in expanding crypto offerings, reflects a growing trend of traditional financial companies integrating digital assets to attract and retain clients. The firm plans to roll out this feature gradually, starting with eligible U.S. clients, and has also been involved in other crypto-related areas, such as prediction markets and stablecoin infrastructure providers. This shift underscores the rapidly changing financial landscape, with traditional players integrating digital assets to meet client demand and maintain market position.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.