According to The Block, traditional brokerage firm Interactive Brokers has announced that traders can now use Circle's USDC for round-the-clock account funding, enabling 24/7 trading functionality. The company's CEO, Milan Galik, stated that stablecoins offer a faster, lower-cost, and globally accessible funding option compared to traditional wire transfers. This integration is supported by crypto infrastructure provider Zerohash, allowing users to send USDC via the Ethereum, Solana, or Base networks, which will be automatically converted to U.S. dollars and deposited into their brokerage accounts. Interactive Brokers plans to expand support for additional stablecoins, such as Ripple's RLUSD and PayPal's PYUSD, as early as next week.
Interactive Brokers Adds 24/7 USDC Funding Support, Plans to Expand Stablecoin Options
TechFlowShare
Summary
Interactive Brokers has introduced 24/7 USDC funding for account deposits, supporting the Ethereum, Solana, and Base networks. This feature, powered by Zerohash, instantly converts cryptocurrency to USD. Traders can now fund their accounts at any time, enhancing liquidity. Support for RLUSD and PYUSD is expected soon. Altcoins to watch may experience increased activity due to improved stablecoin options. The company's move aligns with the growing demand for flexible funding methods. This change could shift support levels in key markets.
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