Interactive Brokers offers the cheapest fees for stablecoin deposits, and next week will expand options to Ripple and PayPal.

Interactive Brokers (IBKR), a US-listed brokerage, has recently launched a stablecoin deposit service, allowing investors to break free from traditional bank operating hours and trade around the clock. Compared to traditional financial institutions, this service offers obvious fee advantages, making it a new compliant deposit option.

According to an official announcement, Milan Galik, CEO of Interactive Brokers, stated: “Stablecoin deposits provide modern market participants with the speed and flexibility needed in today’s markets. Clients can complete fund transfers and start trading within minutes, while also reducing transaction costs.”

Fee set at 0.30%, significantly lowering investment costs

Interactive Brokers’ stablecoin deposit service is supported by blockchain infrastructure provider Zerohash. Zerohash specializes in B2B crypto assets and stablecoins and has received backing from Interactive Brokers. The platform initially supports USDC from Circle, with a fee set at 0.30% of the deposit amount (minimum $1 per transaction), plus blockchain Gas Fees, resulting in a clear and transparent cost structure. This rate is competitive within the industry and attractive to investors seeking low-cost trading.

Multi-chain deployment and expansion of stablecoin ecosystem

In terms of network support, USDC deposits initially cover Ethereum, Solana, and Base, three major mainstream blockchains. Users can easily operate by sending USDC from their personal wallets to a dedicated secure wallet generated by Zerohash, which will automatically convert the funds into USD and credit them to the securities account.

More importantly, Interactive Brokers revealed that support for Ripple’s RLUSD and PayPal’s PYUSD will be added as early as next week, further enriching stablecoin options. Industry sources indicate that the company is planning to issue its own stablecoin product, demonstrating its ambitious layout in the crypto asset field.

Strategic intent behind Interactive Brokers’ stablecoin deployment

Founded in 1978, Interactive Brokers is known for low fees and professional-grade trading tools. The company’s expansion into crypto assets continues to deepen: in late 2021, it launched Bitcoin and Ethereum trading and custody services for the first time, and last year expanded to assets like Ripple (XRP) and Solana (SOL). Now, with the launch of 24/7 stablecoin deposits, Interactive Brokers is building a crypto-friendly trading ecosystem, attracting more institutional investors and retail traders.

The introduction of stablecoin deposits breaks the limitations of traditional bank operating hours, bringing unprecedented deposit flexibility and efficiency to global investors.