Interactive Brokers launches 24/7 account funding support for USDC and plans to expand more stablecoin options

According to The Block, traditional brokerage firm Interactive Brokers has announced that it will allow traders to use Circle's USDC for around-the-clock account funding operations, enabling 24/7 trading functionality.

The company's CEO Milan Galik stated that stablecoins offer a faster, cheaper, and globally accessible funding option compared to traditional wire transfers. This integration is supported by crypto infrastructure provider Zerohash, allowing users to send USDC via Ethereum, Solana, or Base networks, with the system automatically converting it to USD and depositing it into the brokerage account. Interactive Brokers plans to expand support for more stablecoin options, such as Ripple's RLUSD and PayPal's PYUSD, as early as next week.