“From DIGITAL ASSETS to CASH, DEPOSITS IN A FLASH, TRADING WITHOUT CLASH!”
Will USDC, RLUSD, and PYUSD Change How You Fund Your Brokerage Account? Today, Interactive Brokers (Nasdaq: IBKR), a prominent global electronic broking company, announced an important rise in the number of ways that customers can finance their accounts.
The business recently allowed qualified clients to deposit USD Coin (USDC), a stablecoin backed by the US dollar, straight from their digital asset wallets. This new option allows investors to start trading minutes after transferring money and operates around the clock, including on weekends and holidays.
With this update, customers can send USDC to a safe wallet offered by Interactive Brokers’ partner Zerohash via well-known blockchain networks like Ethereum, Solana, and Base.
The stablecoin is promptly converted into US dollars upon receipt and credited to the broking account. Zerohash only charges a 0.30% conversion cost, with a minimum of $1, and the broker does not impose a deposit fee.
Interactive Brokers also announced that support for two additional stablecoins Ripple’s RLUSD and PayPal’s PYUSD is expected to launch next week.
Additionally, because these stablecoins are tied 1:1 to the US dollar, users can avoid expensive and time-consuming regular bank transfers.
With this change, investors can now trade more swiftly and effectively across 170 international markets. Customers can avoid regular banking hours and delays by using stablecoin funding, which makes it simpler to deploy funds and respond to market opportunities at any time.
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