OnePay Partners with Stripe to Launch Stablecoin Funding Service, Supporting Direct USDC-to-USD Conversion Across 12 Blockchains

on November 1, according to an official announcement from OnePay, OnePay partnered with Stripe to launch a stablecoin deposit feature, initially available to select U.S. users. This allows users to directly transfer USDC from external wallets or exchanges into their OnePay Checking accounts and automatically convert it to USD. The service supports 12 blockchains, including Tempo, Base, Solana, and Ethereum, with no conversion fees during its initial launch.

This feature is powered by Bridge, a stablecoin infrastructure platform under Stripe, which generates deposit addresses, conducts compliance checks, and facilitates conversions between stablecoins and USD. The converted USD is typically credited to the user's OnePay Checking balance within a short timeframe, allowing direct use for bill payments, transfers, and savings without requiring a separate stablecoin balance.

OnePay stated that it will evaluate support for additional stablecoins in the future and plans to launch other stablecoin-based financial services.