Interactive Brokers considers launching new stablecoin for customers


FILE PHOTO: Thomas Peterffy, chairman and founder of Interactive Brokers Group, Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 7, 2023. REUTERS/Brendan McDermid/File photo

NEW YORK (Reuters) -Interactive Brokers Group is considering launching a stablecoin for customers, joining a number of large financial firms that are betting big on the digital token boom as the U.S. eases regulations around the crypto industry.

The deliberations come at a time when the underlying infrastructure of global financial markets is undergoing a once-in-a-generation transformation due to the proliferation of blockchain-based assets like stablecoins.

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