Interactive Brokers Doubles Down on Crypto with USDC Account Funding Expansion
Interactive Brokers has introduced a seamless way for clients to fund brokerage accounts using stablecoins, with USDC currently available and Ripple USD and PayPal USD support coming soon. The service, enabled through a partnership with Zerohash, converts stablecoins to US dollars instantly, bypassing traditional wire transfer delays and fees.
The MOVE addresses cross-border payment inefficiencies, offering 24/7 funding capabilities. This follows the firm's December rollout of USDC for retail accounts and earlier exploration of a proprietary stablecoin.
By leveraging blockchain technology, Interactive Brokers aims to modernize financial infrastructure—cutting settlement times from days to seconds while reducing costs for global investors.