Interactive Brokers Allows Account Funding With USDC
Interactive Brokers now allows clients to fund accounts with USDC stablecoins via partnerships with zerohash.Summary
Electronic brokerage Interactive Brokers has expanded its crypto offerings by enabling clients to fund accounts using USDC stablecoins across the Ethereum, Solana, or Base blockchains through a collaboration with infrastructure provider zerohash. Deposited stablecoins are instantly converted to US dollars in the client's brokerage account. Interactive Brokers views stablecoin funding as a solution to the slow and costly nature of traditional cross-border fiat wire transfers, offering near-instant settlement and lower costs. The firm plans to add support for Ripple USD (RLUSD) and PayPal USD (PYUSD) next week. CEO Milan Galik emphasized that this provides international investors with necessary speed and flexibility, allowing funds to be ready for trading within minutes.
(Source：Cointelegraph)