Stablecoin funding addresses a critical pain point in accessing global capital markets.

Traditional cross-border funding has remained a significant challenge for international investors, particularly in regions where USD wires are expensive, slow, or require multiple correspondent banking relationships.

Stablecoin funding settles near-instantly and operates 24/7 with significantly lower costs than traditional wire transfers. Global clients of IB LLC can now fund their accounts outside of their local business hours and trade immediately — a capability traditional wire transfers cannot accommodate.

“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,” said Milan Galik, Chief Executive Officer of Interactive Brokers.

Clients can fund their accounts by sending USD Coin (USDC), a digital asset backed 1:1 by the US dollar, from their crypto wallet to a secure wallet provided through a collaboration with zerohash.

Interactive Brokers plans to add support for Ripple Coin (RLUSD) and PayPal’s coin (PYUSD) next week. Once received, the stablecoin is automatically converted into US dollars and credited to the client’s brokerage account.

Interactive Brokers does not charge fees for stablecoin deposits. Clients are responsible for any fees associated with the blockchain network. zerohash applies a low conversion fee of 0.30% per deposit, with a minimum fee of $1.

Stablecoin funding is now available to eligible Interactive Brokers LLC clients. International clients can visit https://ibkr.com/stablecoin to check eligibility, view detailed instructions, and begin funding their accounts 24/7.

The best-informed investors choose Interactive Brokers
 

Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 170 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.