Summary
- Interactive Brokers said it will allow USDC deposits for eligible customers and that deposits will be available 24 hours a day, including weekdays, weekends and public holidays.
- Interactive Brokers said it plans to add support for Ripple’s RLUSD and PayPal’s PYUSD starting next week.
- CEO Milan Galik said stablecoin deposits provide speed and flexibility for international investors, enabling funds to be transferred within minutes and helping reduce transaction costs.
U.S. online brokerage Interactive Brokers is moving to formally roll out support for stablecoin (digital assets pegged in value to fiat currencies) deposits.
According to CoinDesk, a digital-asset specialist outlet, on the 16th (Korea time) Interactive Brokers said it will allow USDC deposits for customers who meet certain requirements. USDC deposits will be available 24 hours a day, including weekdays as well as weekends and public holidays.
Interactive Brokers plans to add support for Ripple’s RLUSD and PayPal’s PYUSD starting next week.
Milan Galik, CEO of Interactive Brokers, said, “Stablecoin deposits provide speed and flexibility for international investors,” adding, “They can transfer funds within minutes and begin trading, which also helps reduce transaction costs.”
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