OnePay Adds USDC Checking Deposits Across 12 Blockchains

OnePay has introduced a stablecoin deposit feature that allows certain customers in the United States to fund OnePay Checking balances with USDC, according to OnePay. The company's posting says the option covers USDC on 12 blockchains at launch, listing Tempo, Base, Solana and Ethereum among the networks supported.

OnePay describes the process as sending USDC from an external wallet or exchange to a deposit address it generates, after which the amount shows up in the Checking account as U.S. dollars within a short window. OnePay states the conversion carries no fee for now and that it does not add its own service charge on top. The company credits Stripe's Bridge platform with running the deposit address creation, compliance screening and the dollar conversion itself, and notes that processing time can differ depending on the blockchain used and the checks that apply.

The announcement also cites a broader industry figure, noting that stablecoins moved close to $1.79 trillion in adjusted transaction volume in June, a jump of 125% from the same month the prior year. OnePay says it may consider adding stablecoins beyond USDC in the future but did not give a timeframe.

OnePay's material does not specify which U.S. customers currently qualify for the feature, whether fees will start once the initial period ends, or the precise compliance steps Bridge performs before funds are converted. Those details were left unaddressed in the company's post.