Interactive Brokers (Nasdaq: IBKR) has announced that eligible clients of Interactive Brokers LLC can now fund their brokerage accounts using stablecoin, enabling near-instant processing and 24/7 availability for trading across 170 global markets.

Interactive Brokers LLC’s new capability allows clients to deposit funds and commence trading within minutes of initiating a transfer, including on weekends and holidays. This development addresses challenges in accessing global capital markets, particularly for international investors who face high costs, slow processing times, or complex correspondent banking requirements with traditional cross-border funding methods.

Milan Galik, CEO of Interactive Brokers, stated, “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.” The service offers significantly lower costs compared to traditional wire transfers.

Clients can fund their accounts with USDC, a digital asset backed 1:1 by the US dollar, by transferring it from their crypto wallet to a secure wallet facilitated through a collaboration with zerohash. Interactive Brokers plans to expand support to include Ripple Coin (RLUSD) and PayPal’s coin (PYUSD) in the near future. Upon receipt, the stablecoin is automatically converted into US dollars and credited to the client’s brokerage account.

Interactive Brokers does not levy fees for stablecoin deposits; clients are responsible for any associated blockchain network fees. zerohash applies a conversion fee of 0.30% per deposit, with a minimum fee of $1. The stablecoin funding option is currently available to eligible Interactive Brokers LLC clients, who can find detailed instructions and check eligibility on the company’s website.