- Interactive Brokers enables 24/7 USDC deposits with instant USD conversion, bypassing bank hours and time zones.
- ZeroHash powers wallet custody and conversion, charging a 0.30% fee while IBKR adds no deposit fees.
- Support for RLUSD and PYUSD is coming, expanding stablecoin funding options for global brokerage clients.
Interactive Brokers announced 24/7 stablecoin deposits for eligible clients, starting with USDC. The Nasdaq-listed broker rolled out the service globally through a partnership with digital asset firm ZeroHash. The move allows near-instant account funding, automatic dollar conversion, and faster market access outside traditional banking hours.
How the Stablecoin Funding Works
According to Interactive Brokers, clients can send USDC from personal crypto wallets to a secure wallet provided through ZeroHash. Once received, the stablecoin converts automatically into U.S. dollars. The funds then credit to brokerage accounts shortly after the transfer begins.
Notably, the service runs continuously, removing delays tied to banking cutoffs and time zones. As a result, international investors can fund accounts and trade within minutes. Interactive Brokers said it does not charge deposit fees, although blockchain network costs still apply.
However, ZeroHash applies a 0.30% conversion fee per deposit, with a minimum charge of $1. The firm added that USDC deposits currently operate on the Solana network. According to Solana’s official social media post, the integration allows uninterrupted funding across the 24-hour trading cycle.
Expansion Beyond USDC
Interactive Brokers confirmed plans to add Ripple’s RLUSD and PayPal’s PYUSD next week. The expansion broadens stablecoin options beyond USDC for eligible clients. The broker said the additions follow growing demand for faster funding methods.
At press time, USDC had a market capitalization of $75.68 billion. It ranked second globally behind Tether’s $186.90 billion, according to market data. Interactive Brokers said stablecoin funding supports quicker access to its global trading venues.
Milan Galik, chief executive officer of Interactive Brokers, said stablecoin funding improves speed and flexibility for investors. He noted clients can reduce transaction costs while accessing markets faster. The firm previously introduced stablecoin funding for U.S. retail clients in December.
ZeroHash Role and Recent Crypto Push
ZeroHash powers the stablecoin funding infrastructure for Interactive Brokers. The platform manages wallet security and dollar conversion for deposited tokens. Interactive Brokers has also invested in ZeroHash, which previously raised $104 million at a $1 billion valuation.
Meanwhile, Interactive Brokers continues expanding crypto-linked services alongside traditional brokerage offerings. The firm said stablecoin funding aligns with its focus on faster settlement and broader global access.