Online brokerage firm tastytrade, part of IG Group (LON:IGG), has announced that it has enabled stablecoin account funding for investors across multiple stablecoins and chains, including USDC, USDT, PYUSD, and RLUSD. This industry-leading, innovative funding method allows tastytrade’s customers globally to fund their brokerage accounts with stablecoins, 24/7/365, powered by Zerohash, the leading on-chain infrastructure provider.
Stablecoin funding, in addition to being globally available, eliminates many customer friction points associated with traditional international funding methods like currency conversion fees and multi-day settlements, and can significantly decrease user costs and the hassles of moving money into a brokerage account.
Pete Mulmat, CEO of IG North America, the parent company of tastytrade said,
“The upside of stablecoin account funding is massive: speed, simplicity, and global reach. We can now move money across jurisdictions in seconds, cut out costly intermediaries, and offer a frictionless experience for our customers around the world.
“In a market that’s moving towards 24/7 global trading, account funding shouldn’t be a barrier to getting started with trading.”
Zerohash’s stablecoin infrastructure powers some of the world’s leading financial services groups, including Stripe, Shift4, Kalshi, Securitize, Franklin Templeton, Félix Pago, and Republic. Zerohash instantly converts stablecoins into USD and sweeps the funds into tastytrade customers’ brokerage accounts, eliminating the need for tastytrade to manage stablecoins or interact with blockchains directly.
Edward Woodford, Founder & CEO of Zerohash said,
“We’re proud to be the trusted partner for stablecoin account funding for leading brokerages, including tastytrade. Stablecoin account funding helps brokerages expand their businesses with instant funding globally.”
About tastytrade
Tastytrade is an award-winning brokerage firm established in 2017 to change the way people invest. The company empowers investors seeking to actively manage their own money with a powerful platform and access to educational content for options, futures, crypto and equities trading. Tastytrade is an indirect subsidiary of IG US Holdings, Inc., parent to tastylive, the financial content and education platform, tasty Software Solutions, LLC, and a subsidiary of IG Group Holdings plc (LON:IGG), a global fintech company that provides award-winning products, platforms and access to ~19,000 financial markets to investors around the world.
About Zerohash
Zerohash is the leading infrastructure provider for crypto, stablecoin, and tokenized assets. Its API and embeddable dev-kit enables innovators to easily launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization and on/off-ramps.
Zerohash powers solutions for some of the largest and innovative companies including Stripe, Shift4, Franklin Templeton, Felix Pago, Kalshi and LightSpark. Zerohash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.
In the United States, zerohash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zerohash LLC and zerohash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Zerohash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company.
