OnePay partners with Stripe to launch a stablecoin deposit service supporting direct USDC-to-USD conversion across 12 blockchains

According to TechFlow, on November 1, OnePay announced that it has partnered with Stripe to launch a stablecoin deposit feature, initially available to select U.S. users. The feature allows users to transfer USDC directly 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 conversion fees waived during the initial launch period.

The feature is powered by Bridge, Stripe's stablecoin infrastructure platform, which handles deposit address generation, compliance checks, and conversion between stablecoins and USD. Converted USD is typically credited to users' OnePay Checking balances within a short period and can be used directly for bill payments, transfers, and savings without holding a separate stablecoin balance.

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

Source: TechFlow