Interactive Brokers Introduces USDC Funding with 24/7 Availability
- Interactive Brokers now allows eligible U.S. clients to fund accounts using stablecoins, including USD Coin (USDC), for near-instant deposits available 24/7.
- The brokerage plans to support Ripple’s RLUSD and PayPal’s PYUSD next week, with automatic conversion to USD upon receipt via Ethereum, Solana, or Base.
- Clients can transfer USDC from personal crypto wallets to a secure wallet generated by Zerohash; a 0.3% conversion fee applies per deposit.
- No fees are charged by Interactive Brokers for stablecoin deposits, but clients must cover blockchain network fees.
- This new feature enables trading across 170 global markets within minutes of initiating a transfer.
- Interactive Brokers’ stock increased nearly 4%, trading near $74 following the announcement.
Interactive Brokers has expanded its funding options by allowing U.S. clients to use stablecoins like USDC for near-instant account deposits, enhancing market access and reducing traditional cross-border transaction challenges. The brokerage’s stock saw a notable rise after this announcement.
Source (3.2)https://cryptobriefing.com/interactive-brokers-activates-crypto-wallet-funding/?rand=59535
