Global traders now have instant funding for stablecoin accounts, thanks to the collaboration between Tastytrade and Zerohash.
Tastytrade, an online brokerage firm, has enabled stablecoin account funding for investors, partnering with Zerohash, a leading on-chain infrastructure provider. This innovative funding method aims to revolutionise the way brokerages operate, offering faster, 24/7 instant deposits and eliminating traditional banking delays.
Zerohash's stablecoin account funding aims to help brokerages expand their businesses with instant funding globally. The supported stablecoins include USDC, USDT, PYUSD, and RLUSD, reducing barriers to getting started with trading for Tastytrade customers.
Pete Mulmat, CEO of IG North America (Tastytrade's parent company), states that stablecoin funding can move money across jurisdictions in seconds and offer a frictionless experience for customers worldwide. Tastytrade's brokerage account funding is powered by Zerohash's stablecoin infrastructure, eliminating the need for Tastytrade to manage stablecoins or interact with blockchains directly.
Edward Woodford, Founder & CEO of Zerohash, is proud to be the trusted partner for stablecoin account funding for leading brokerages, including Tastytrade. The use of Zerohash's stablecoin infrastructure by Tastytrade demonstrates its commitment to offering innovative and efficient funding methods to its customers.
Stablecoins operate on blockchain networks, enabling transfers and deposits at any time without waiting for bank processing or clearance, which often occurs only during business hours. Transactions through stablecoins can bypass intermediary banking systems, potentially lowering fees and settlement times compared to traditional wire transfers or ACH deposits.
The key advantages of using stablecoin account funding for brokerages include instant, round-the-clock account funding, reduced friction and costs, improved client experience and flexibility, integration with regulated crypto infrastructure, and alignment with evolving regulatory environment. Partners like Zerohash, which provide regulated crypto custody and settlement services, ensure compliance while enabling these digital asset transactions.
Recent U.S. legislation, such as the GENIUS Act, provides clearer guidelines for stablecoin issuance and use cases, making this approach more feasible and attractive for mainstream brokerages. This funding method is already being explored by other leading financial services groups, including Stripe, Shift4, Kalshi, Securitize, Franklin Templeton, Félix Pago, and Republic.
In summary, stablecoin funding offers brokerage clients a seamless, efficient, and modern way to deposit capital that blends the security and regulatory oversight of traditional finance with the speed and flexibility of digital assets. Tastytrade’s partnership with Zerohash illustrates these advantages in practice, and Interactive Brokers is exploring similar strategies to harness stablecoins for enhanced client funding options.
[1] Zerohash Press Release, "Zerohash Partners with Tastytrade to Offer Stablecoin Account Funding," [URL] [2] Coindesk, "Tastytrade Enables Stablecoin Funding for Brokerage Accounts," [URL] [3] Cointelegraph, "Tastytrade's Stablecoin Account Funding: A Game Changer in the Brokerage Industry," [URL] [4] The Block, "Interactive Brokers Explores Stablecoin Funding for Enhanced Client Options," [URL]
- Tastytrade, a forward-thinking brokerage, has partnered with Zerohash to offer instant and around-the-clock stablecoin account funding, setting a new standard in finance and technology by integrating regulated crypto infrastructure and aligning with evolving regulations.
- Embracing the benefits of stablecoin technology, Zerohash's partnership with Tastytrade aims to enhance the brokerage's business by offering clients faster, cost-effective, and flexible deposit methods, positioning Tastytrade at the forefront of progressive financial solutions.
