Interactive Brokers to allow stablecoins for account funding

Electronic brokerage giant Interactive Brokers says its clients can deposit USDC, which will automatically convert to US dollars to fund their accounts.

Electronic brokerage giant Interactive Brokers has expanded its crypto offerings, allowing clients to fund their accounts using stablecoins.

Interactive Brokers said on Thursday that it inked a collaboration with stablecoin infrastructure provider zerohash to allow clients to fund their accounts with USDC (USDC) on the Ethereum, Solana, or Base blockchains. 

It added that deposited stablecoins are automatically converted into US dollars and credited to the client’s brokerage account, and plans to add support for Ripple USD (RLUSD) and PayPal USD (PYUSD) next week.

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