OnePay brings stablecoin deposits to OnePay Checking with Tempo

OnePay customers can now turn stablecoins into dollars in their OnePay Checking accounts. Select U.S. customers can send stablecoins on Tempo to a deposit address in the OnePay app and receive U.S. dollars in OnePay Checking.

Connecting stablecoin earnings to everyday spending

OnePay serves millions of workers and consumers with banking products that include instant payouts and direct deposit access. Stablecoin deposits give customers another way to fund their accounts.

For gig workers, freelancers and others paid in stablecoins, using those earnings for everyday expenses means converting them into dollars. OnePay connects that conversion to the checking account customers already use to pay bills, send money and save.

Why Tempo

Tempo provides near-instant onchain settlement and network fees paid in stablecoins. Customers can send a deposit without needing to hold a separate network token.

Bridge, Stripe's stablecoin orchestration platform, handles the compliance checks and conversion that turn the stablecoin deposit into dollars in OnePay Checking.

How stablecoin deposits work

Eligible customers choose “Deposit stablecoins” in the Cash Control section of the OnePay app. They then send stablecoins on Tempo from an external wallet or exchange to the deposit address shown in the app.

Bridge receives the stablecoins, runs the required compliance checks and converts them into U.S. dollars credited to OnePay Checking.

What customers can do now

Stablecoin deposits are live for select U.S. OnePay customers, with no conversion fees at launch.

Deposits become part of the customer’s existing Checking balance, with no separate stablecoin balance to manage. Customers can use the dollars alongside the rest of their money for spending, bills, transfers and savings.

We're proud to serve an incredible customer base that values their money working harder and moving faster. Tempo's payments-focused architecture and built-in privacy and compliance tooling make it the right infrastructure partner as we expand into stablecoin-powered experiences for our customers.

— Pierce Harger, Head of Crypto & Stablecoins at OnePay

A broader partnership

Stablecoin deposits are part of OnePay and Tempo’s broader partnership on stablecoin payouts and instant account funding for OnePay’s banking product. Alongside that work, OnePay plans to support the Tempo network by launching a validator.

OnePay and Tempo will continue to explore additional use cases over time.

The next wave of onchain adoption will come from stablecoin products that solve real problems for everyday users. OnePay serves millions of workers and consumers who stand to benefit from faster, cheaper money movement.

— Ani Narayan, GTM at Tempo

Talk to our team about bringing stablecoin deposits to your customers with Tempo.