Interactive Brokers, the most popular US stock brokerage firm among Taiwanese investors, has recently allowed retail investors to deposit stablecoins. According to a video released by the service provider, deposits can be made through USDC on the Base, Solana, and Ethereum blockchains, reducing deposit costs, offering 24/7/365 service, and instant fund transfers. However, currently only US investors are eligible to use stablecoins; Interactive Brokers stated that it will gradually expand this feature.
Interactive Brokers allows US retail investors to deposit funds using stablecoins.
Bloomberg reports that Interactive Brokers, a major U.S. brokerage firm, has allowed retail investors to deposit funds using stablecoins. Interactive Brokers is a platform used by many overseas individuals to trade U.S. stocks. For example, Taiwanese investors typically use overseas brokers or sub-brokers to trade U.S. securities. Among overseas brokers, Interactive Brokers and Firstrade are the most common. Allowing stablecoin deposits would allow retail investors to avoid expensive transaction fees, and funds would arrive within seconds, saving them from lengthy and time-consuming processes.
However, stablecoin deposits are currently limited to the United States, though Interactive Brokers says it will gradually open them up.
Interactive Brokers now accepts USDC deposits on three blockchains, including Ethereum.
It is understood that Interactive Brokers' stablecoin deposit service is provided by Zerohash, a payment infrastructure company in which it has invested. Zerohash completed its Series D funding round on September 23 this year, raising $104 million from investors including Morgan Stanley, Interactive Brokers, and Apollo Global Management.
According to a video released by Zerohash the day before yesterday, funds can be deposited through USDC on the Base, Solana, and Ethereum chains, reducing deposit costs, operating 24/7, and with funds arriving instantly.
This article, which discusses Interactive Brokers, the most commonly used overseas brokerage firm for US stocks among Taiwanese investors, and its opening of stablecoin deposits, first appeared on ABMedia, a ABMedia .
