Interactive Brokers has rolled out a new feature allowing clients to fund their trading accounts around the clock using the USDC stablecoin from Circle. This service is designed to overcome the constraints of traditional banking hours, enabling instantaneous deposits any time of day or night, including weekends and holidays.
According to Milan Galik, CEO of Interactive Brokers, this enhancement allows international investors to operate with the agility and speed that modern markets demand. The integration, powered by Zerohash, enables clients to deposit USDC from Ethereum, Solana, or Base networks into a secure wallet, where it is automatically converted to U.S. dollars and credited to their accounts.
The service incurs a 0.3% transaction fee, with a minimum charge of $1, excluding any applicable blockchain transaction fees. Additionally, Interactive Brokers plans to introduce support for Ripple's RLUSD and PayPal's PYUSD next week, and there are reports suggesting the potential launch of its own stablecoin in the future.
