Major US Brokerage Begins Accepting USDC Deposits, Enabling Instant Transactions Year-Round

On January 15, Interactive Brokers, a leading US brokerage firm, announced the launch of a service that allows eligible customers to deposit into their securities accounts using stablecoins. Customers can transfer funds and start trading within minutes. The new service operates 24/7, 365 days a year, processing transactions instantly even on weekends and holidays. Compared to traditional international transfers, this service significantly reduces fees and provides access to 170 markets. Customers can transfer USD Coin (USDC) from their cryptocurrency wallets, which is then automatically converted into US dollars. Interactive Brokers does not charge a deposit fee, while its conversion partner, Zero Hash, charges a 0.30% fee...