Interactive Brokers Begins Allowing Stablecoin Deposits for U.S. Retail Clients

Core Insights - Interactive Brokers has initiated a service allowing U.S. retail clients to fund brokerage accounts using stablecoins, specifically USDC, enhancing its digital asset capabilities [1][2] - The service is being rolled out in phases, with availability contingent on account type, jurisdiction, and regulatory requirements [1] Group 1: Service Details - The stablecoin deposit feature enables clients to transfer funds directly from personal crypto wallets, providing faster and more flexible funding options compared to traditional banking methods [2][8] - Clients can deposit USDC by logging into the Interactive Brokers Client Portal, selecting the appropriate blockchain network, and using a unique wallet address generated by Zerohash [3][4] Group 2: Transaction Limits and Fees - There are specific transaction limits for stablecoin deposits: a minimum of $10 per transfer, a cap of $25,000 per transaction, a daily limit of $25,000, and a monthly ceiling of $100,000 [5] - Interactive Brokers does not charge deposit fees, but users are responsible for blockchain gas fees, and Zerohash applies a 0.3% conversion fee with a minimum of $1 [6] Group 3: Operational Considerations - Clients must ensure that USDC is sent on the correct blockchain network selected during the deposit setup to avoid potential loss of funds [7] - The introduction of stablecoin deposits represents a shift towards a more efficient, bank-free funding model that operates continuously [8]