Interactive Brokers Group is considering launching a stablecoin for customers, as the digital token boom continues. The company, valued at $110 billion, is exploring options to offer stablecoins to customers through partnerships with crypto platforms like Paxos and Zero Hash. Founder Thomas Peterffy remains cautious about widespread crypto adoption.

Stablecoins are blockchain-based tokens that act as proxies for assets, allowing for borderless money transfers. Critics warn about the potential misuse by criminals to avoid banking systems. Robinhood recently launched a stablecoin, USDG, pegged to the U.S. dollar through a consortium with other crypto platforms.

Interactive Brokers, with 3.87 million customer accounts, is one of the largest U.S. trading platforms. It has seen a surge in trading activity due to market volatility triggered by U.S. tariff policy. The company’s shares have risen 47% this year, outperforming the S&P 500 Investment Banking & Brokerage index, and is exploring new avenues like prediction markets and crypto investments.

Read more at Yahoo Finance: Interactive Brokers considers launching new stablecoin for customers