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Interactive Brokers launches USDC 24/7 deposits and plans to support RLUSD and PYUSD
Interactive Brokers has launched a 24/7 account deposit feature based on USDC, allowing users to fund their accounts and trade around the clock. This feature is powered by Zerohash, enabling users to transfer USDC to a designated wallet via Ethereum, Solana, or Base network. Once received, the funds are automatically converted to USD and credited to the brokerage account, with a conversion fee of 0.30% per transaction (minimum $1), plus on-chain transaction fees. Interactive Brokers stated that in the future, they will support more stablecoin deposit options, including Ripple’s RLUSD and PayPal’s PYUSD. These features are expected to be launched as early as next week. (The Block)