The Taiwanese most commonly use the US stock overseas brokerage Interactive Brokers, which has recently opened up the possibility for retail investors to deposit using 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, available 24 hours a day, year-round, with funds credited instantly. However, currently, only US investors are allowed to use stablecoins, and Interactive Brokers has stated that it will gradually open up this option.
Interactive Brokers opens up stablecoin deposits for US retail investors
Bloomberg reports that US brokerage giant Interactive Brokers has allowed retail investors to deposit using stablecoins. Interactive Brokers is a platform for many overseas individuals to trade US stocks, such as Taiwanese investors who usually use overseas brokerages or custodial services to trade US stocks. Among overseas brokerages, Interactive Brokers and Firstrade are the most popular. If stablecoin deposits are allowed, retail investors can avoid high transaction fees, and funds can be credited in seconds, saving time-consuming processes.
However, this stablecoin deposit is limited to the United States, but Interactive Brokers has stated that it will gradually open up.
Interactive Brokers opens USDC deposits for Ethereum and two other chains
It is reported that the stablecoin deposit service from Interactive Brokers is provided by its invested payment infrastructure Zerohash, which completed its Series D financing on September 23 this year, raising $104 million from investors including Morgan Stanley, Interactive Brokers, and Apollo Global Management.
According to the video released by Zerohash the day before yesterday, deposits can be made using USDC on the Base, Solana, and Ethereum chains, reducing deposit costs, available 24/7, and funds are credited instantly.
This article about the most commonly used overseas brokerage for US stocks by Taiwanese people: Interactive Brokers opens stablecoin deposits first appeared on Chain News ABMedia.
