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Interactive Brokers Begins Accepting USDC Deposits, Plans RLUSD Support

The US brokerage expands crypto payment options by enabling USD Coin (USDC) deposits and announcing plans to support Ripple’s RLUSD stablecoin.

USDC
RLUSD

Summary

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Terms & Concepts
  • USD Coin (USDC): A U.S. dollar-pegged stablecoin used for digital payments and transfers.
  • RLUSD stablecoin: A cryptocurrency issued by Ripple, designed to maintain a stable value pegged to the U.S. dollar.
  • Stablecoin: A cryptocurrency whose value is tied to a stable asset, like fiat currency, to minimize price volatility.