Interactive Brokers will charge a 0.3% fee plus Gas Fee for stablecoin deposits. Support for PYUSD and RLUSD will be available next week.

U.S. major online broker Interactive Brokers (IBKR) has introduced a stablecoin deposit feature (not yet available in Taiwan). The latest news indicates that, in addition to gas fees, a 0.3% service fee will be charged. Next week, support will be added for PYUSD and RLUSD deposit options.
(Background: YouTube has enabled stablecoin payments, allowing U.S. creators to receive revenue in PYUSD)
(Additional context: Interactive Brokers plans to issue a USD stablecoin: the technical foundation is ready, is a brokerage settlement revolution coming?)

The popular U.S. online broker Interactive Brokers (IBKR), also loved by Taiwanese users, has officially launched the stablecoin deposit feature, allowing global retail investors to directly top up their securities accounts from cryptocurrency wallets using stablecoins, enabling 24/7 instant deposits. Currently, it is first available to U.S. customers, with the official stating that it will gradually expand to more countries and user groups.

will charge a 0.3% service fee

According to IBKR’s official announcement, after customers transfer USDC, its partner service provider Zero Hash will first conduct compliance checks. Once completed, the funds will be exchanged into USD and credited to the customer’s brokerage account.

However, it’s important to note that the latest news states Zero Hash will charge a 0.3% fee (minimum fee of $1) after receiving the payment, and on-chain gas fees also need to be paid. This means that if you are making a large deposit, the 0.3% fee could be higher than the traditional wire transfer fee of $30–$50 per transaction.

Nevertheless, stablecoin deposits outside trading hours that require immediate margin posting or position building will process much faster than waiting for T+2 deposit times, allowing investors to evaluate accordingly.

support for PYUSD and RLUSD next week

On the other hand, IBKR also plans to add deposit options for PayPal-issued stablecoin PYUSD and Ripple’s RLUSD next week, providing more choices beyond USDC. Finance Magnates’ analysis points out that compliant stablecoins are rapidly being regarded by Wall Street as the “standard settlement tool.”

IBKR’s decision indicates that we will likely see more brokers and banks follow suit: if stablecoins can offer real-time settlement while ensuring KYC and AML compliance, customers who are highly sensitive to fees and delays will naturally shift to on-chain channels.