Stablecoins and dollars "should not be treated separately," says broker
- The transfer of stablecoins can be made to external wallets 24/7.
- Payment services are preparing to integrate stablecoins ahead of the arrival of the Genius law.
The U.S. brokerage firm Interactive Brokers has activated a feature to withdraw dollars to other wallets in the form of stablecoins. This option represents a further step to bring the clients of this platform closer to the agility of digital assets, a measure that could be part of a trend ahead of the imminent implementation of the GENIUS law.
This operation works through the automatic conversion of the dollar balance to stablecoins USD Coin (USDC), PayPal USD (PYUSD), or Ripple USD (RLUSD).
The new system allows for almost instantaneous fund transfers 24 hours a day, seven days a week, including weekends and holidays. With this, the firm expands the financing flexibility with stablecoins already available for deposits, the company detailed yesterday, July 14.
The speed of traditional electronic transfers often depends on the hours of banking clearinghouses, which suspend operations overnight and on non-working days. The use of stablecoins eliminates that limitation and accelerates the movement of capital in the financial market.
We believe that digital assets should be integrated into the overall financial experience of the customer, not treated separately, stated Milan Galik, the company’s CEO, to justify the integration. The executive aims to unify investment management in one space.
This innovation is part of the financial sector's preparations for the GENIUS Law in the United States, enacted on July 18, 2025, as reported by CriptoNoticias. The financial sector is accelerating its developments in anticipation of January 2027, the date when this regulation will come into effect.
The imminent regulation encourages large financial corporations to structure their own stablecoin projects. A recent example is OpenUSD, a stablecoin initiative that already has strategic backing from payment firms like Stripe, BlackRock, Visa, and Coinbase.
This entry of traditional industry giants is supported by the current magnitude of the sector. The market for these assets maintains a robust volume of $310 billion in capitalization. This figure represents a moderate decline compared to its historical high of $322 billion recorded on May 18.
Despite this correction, the investment firm Bitwise rated this behavior as a quiet show of resilience during the downturn of the crypto asset market. The consultancy anticipates a direct impact on the main networks of the digital asset sector.
We see accelerated growth of stablecoins as a catalyst for networks like Ethereum and Solana in the third quarter, as attention increases ahead of the effective date in January, projected the analyst firm about the immediate outlook.
Additionally, Interactive Brokers announced that it has expanded its offering by adding nine cryptocurrencies through its infrastructure technology partner Zerohash. Among these options are governance tokens Aave (AAVE), Lido DAO (LDO), and the gold-backed currency Pax Gold (PAXG).
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