Interactive Brokers opens USDC 24/7 deposits! Next week, additional support for Ripple and PayPal stablecoins

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Interactive Brokers (IBKR), the US stock trading platform, announced on Thursday that it has officially opened its clients to deposit USDC stablecoins under Circle, allowing account funds to no longer be limited by bank operating hours and enabling “24/7” deposits and trading at any time. According to the statement released on Thursday, stablecoins are a faster, cheaper, and globally accepted alternative to traditional payment methods (such as bank transfers), with the key advantage of breaking through geographical and time zone restrictions. Milan Galik, CEO of Interactive Brokers, stated: “Stablecoin deposits provide modern market participants with the speed and flexibility needed in today’s markets. Clients can complete fund transfers and start trading within minutes, while also reducing transaction costs.” Interactive Brokers’ stablecoin deposit service is supported by Zerohash’s backend technology. Zerohash is a B2B-focused infrastructure provider for crypto assets and stablecoins, also backed by Interactive Brokers’ investment. In terms of operation, users can send USDC from their personal wallets to a dedicated “secure wallet” generated by Zerohash. Currently, support includes Ethereum, Solana, and Base. Once USDC is credited, the system will automatically convert it into USD and credit it to the client’s securities account. Regarding fees, Zero Hash will charge a 0.30% currency conversion fee on the deposit amount (minimum $1 per transaction), and investors will need to pay blockchain transfer fees (Gas Fees) separately. It is also revealed that support for Ripple’s RLUSD and PayPal’s PYUSD will be added as early as next week, further expanding the options for stablecoin deposits. There are even reports that Interactive Brokers is considering issuing its own stablecoin in the future.

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