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Interactive Brokers Accepts USDC Deposits; Ripple's RLUSD Coming Soon
Source: CryptoNewsNet Original Title: Interactive Brokers accepts USDC deposits; Ripple’s RLUSD coming soon Original Link: Interactive Brokers said Thursday that eligible clients can now fund brokerage accounts using stablecoins, offering 24/7 deposits with near-instant processing, unlocking quick global market access.
The Nasdaq-listed broker said clients can send dollar-pegged stablecoin USDC from a crypto wallet to a secure wallet provided through a collaboration with digital asset infrastructure provider ZeroHash. It plans to add support for Ripple’s RLUSD and PayPal’s PYUSD next week, expanding beyond USDC.
Once received, the stablecoin is automatically converted into U.S. dollars and credited to the client’s brokerage account, allowing them to trade across Interactive Brokers’ lineup of markets shortly after initiating the transfer.
“Stablecoin funding provides international investors with the speed and flexibility required in today’s markets. Clients can transfer funds and begin trading within minutes, while also reducing transaction costs,” Milan Galik, chief executive officer of Interactive Brokers, said in the release.