The goal is simple: let customers fund their accounts in US dollars, but do it on the blockchain. That way, cash moves settle right away instead of waiting for banks. A swap from dollars to a stablecoin and back could happen in seconds.
Ripple rolled out RLUSD in December. Robinhood, Kraken and Galaxy Digital joined forces on the Global Dollar Network. Now, a broker with nearly 4 million users may join them.
Stablecoins are digital currencies pegged 1:1 to a fiat note, like the US dollar. They let people send value on blockchains without worrying about wild price swings.
That gives firms cover to experiment. Still, regulators will expect hard checks for money‑laundering and fraud. Companies that handle stablecoins must follow strict know‑your‑customer steps. Any slip‑up could bring fines or force them to halt operations.
Interactive Brokers’ stock climbed over 40% this year, pushing the company past rivals in market performance. A stablecoin could add a fresh revenue stream and attract more active traders.
Featured image from KuCoin, chart from TradingView
