Interactive Brokers allows clients to fund accounts using stablecoins
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Interactive Brokers (IBKR) has introduced a feature allowing eligible clients to fund their accounts using stablecoins, specifically USDC, with near-instant processing. This capability enhances speed and flexibility for international investors, enabling them to start trading across 170 markets almost immediately. The company plans to support Ripple Coin and PayPal's coin soon. IBKR does not charge fees for stablecoin deposits, while zerohash charges a 0.30% conversion fee. Following the announcement, IBKR shares rose by 5.3%.
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