Global online brokerage Interactive Brokers has reportedly restricted stablecoin deposits for retail investors in the Philippines, a move that aligns with the platform’s ongoing compliance efforts amid evolving cryptocurrency regulations in the country. The restriction affects retail clients who previously used stablecoins such as USDT and USDC to fund their trading accounts.
According to a report by BitPinas, the decision was communicated to users via email, notifying them that stablecoin deposits would no longer be accepted. The broker, which is regulated in multiple jurisdictions, has not publicly detailed the specific regulatory triggers for the ban, but the Philippines’ central bank and securities regulator have been tightening oversight of digital asset transactions, including stablecoins.
The restriction applies only to retail accounts; institutional clients and professional traders may still be able to use stablecoins for deposits. Interactive Brokers continues to accept other funding methods such as wire transfers and credit cards. This development reflects broader industry trends where global trading platforms are adjusting their services to comply with local financial regulations, particularly in markets with developing crypto frameworks like the Philippines.