Select U.S. customers can now fund OnePay Checking by sending USDC from an outside wallet or an exchange and receiving dollars in that checking balance, according to OnePay. USDC is a dollar stablecoin issued by Circle. A stablecoin is a token meant to track the dollar.
How a deposit works
In the app, Cash Control includes an option labeled Deposit stablecoins. A customer sends USDC on one of 12 networks. OnePay names Tempo, Base, Solana, and Ethereum among those 12.
The app shows a deposit address. That address is the destination on the network the customer picked, and it is where the USDC goes.
No separate stablecoin balance sits in the app. The dollars join OnePay Checking and sit with the rest of the money, for spending, bills, transfers, and savings.
Bridge, Stripe’s stablecoin platform, creates the deposit address and secures it. It receives the USDC, runs compliance checks, and converts the coin into dollars. OnePay then credits checking. In most cases the dollars show up within moments.
OnePay says it will evaluate adding other stablecoins over time. It names no other coin.
What the fine print says
At launch there is no conversion fee, and OnePay charges no service fee either. The blockchain can still take a network fee, which is what a network charges to move a transfer. The sender pays it to the network, and OnePay neither receives nor controls it.
The notes on that post say the wait depends on the network and on the checks. Some deposits may take longer.
Those notes also say stablecoins are not insured by the FDIC, which covers deposits at member banks, or by the SIPC, which covers customers in a brokerage failure, or by any other federal government agency. They are not a deposit. They may lose value. A transfer may be impossible to undo. The dollars credited follow the stablecoin’s value at the moment of conversion, and they can come in below the amount the customer sent. Banking services come from Coastal Community Bank or Lead Bank. Both are Members FDIC. Bridge Building Inc provides the stablecoin transfers and the conversion under an agreement with OneProgress Assets LLC. The post points readers to a customer agreement for the rest of the terms.
Gig pay that arrives in stablecoins
OnePay says a growing number of gig workers, freelancers, and people paid through platforms that move money across borders are receiving stablecoins, and that the deposit is for them. OnePay’s view is that the earnings sat outside the banking system, and that turning them into spendable dollars took another exchange, extra steps, and fees. The same remarks cite industry reporting of adjusted stablecoin transaction volume of roughly $1.79 trillion in June, up 125% year over year.
Tempo’s fee and a validator plan
According to Tempo, network fees on Tempo are paid in stablecoins, so a customer can send a deposit without keeping a separate network token. The story says OnePay serves millions of workers and consumers with banking products that include instant payouts and direct deposit, and it calls stablecoin deposits another way to fund the account.
That page also sets the deposits inside a wider partnership between OnePay and Tempo, covering payouts in stablecoins and instant account funding. OnePay plans to launch a validator on Tempo. The two say they will look at further uses as time goes on.
Trading in 2025, then this deposit
According to TokenPost, which describes OnePay as backed by Walmart, trading in bitcoin and ether at the company opened in January 2025. More tokens arrived in March 2026. A partnership with Tempo followed in April 2026.
OnePay’s post on the deposit is dated 30 October 2026. The company calls the deposits the first of several experiences that use stablecoins, with further ones coming to the app. It does not name those later experiences.
