Interactive Brokers supports 24/7 USDC deposits and plans to add Ripple and PayPal stablecoins

Interactive Brokers has supported clients to use USDC for 24/7 account deposits, allowing funds to be received and traded within minutes while reducing trading costs. This feature is supported by encryption infrastructure provider Zerohash, and users can transfer USDC to a secure wallet through Ethereum, Solana, and Base networks. Once the funds are received, they will be automatically exchanged for US dollars. Zerohash charges a minimum of $1, a conversion fee calculated at 0.3%, and a standard blockchain handling fee. Interactive Brokers plans to support stablecoin deposits for Ripple's RLUSD and PayPal's PYUSD as early as next week.