Interactive Brokers launches a $757 billion platform allowing stablecoin deposits

Interactive Brokers has implemented a stablecoin deposit feature for individual brokerage accounts, according to a report by Bloomberg News on December 12. This feature is initially available only to a select group of eligible customers in the United States, allowing investors to deposit directly from their cryptocurrency wallets instead of from a bank account. This marks a significant shift in how retail investors access traditional stock markets.

The announcement comes shortly after the stablecoin market capitalization surpassed $307 billion on December 10. Interactive Brokers aims to differentiate itself in the retail investment space by integrating cryptocurrencies into its platform, competing with companies like Robinhood and Charles Schwab. The company manages $757.5 billion in client assets across 4.13 million accounts. This move aligns with the company’s expansion of its cryptocurrency services and positions Interactive Brokers as a pioneer in bridging digital finance with traditional markets.