Interactive Brokers to allow stablecoins for account funding
Electronic brokerage giant Interactive Brokers says its clients can deposit USDC, which will automatically convert to US dollars to fund their accounts.
Electronic brokerage giant Interactive Brokers has expanded its crypto services, allowing clients to fund their brokerage accounts using stablecoins that are automatically converted into US dollars.
The firm said on Thursday that it has partnered with crypto infrastructure provider zerohash to enable 24/7 account funding with USDC (USDC) across the Ethereum, Solana and Base blockchains, removing reliance on traditional fiat wire transfers and banking hours.
Interactive Brokers said stablecoin deposits are converted into US dollars on receipt and credited directly to client accounts. The company added that support for Ripple USD (RLUSD) and PayPal USD (PYUSD) is expected to launch next week.
