Stablecoins
Solayer Pay Introduces Direct Stablecoin Deposits from Five Blockchain Networks
Solayer Pay has announced that its card application now supports direct deposits of stablecoins from five major blockchain networks: Solana, Ethereum, Arbitrum, BNB Chain, and Base. This new feature aims to streamline the process of moving stablecoins from crypto wallets to payment cards, eliminating the need for additional bridging steps that often complicate transactions.
Previously, users had to navigate through multiple blockchains or exchanges to fund their cards, which could lead to extra fees and potential errors. With the new deposit flow, users can select the network where their stablecoins are held and credit their Solayer Pay balance directly. The service supports eligible dollar-pegged tokens such as USDC and USDT across these supported chains.
Once the funds are deposited, users can utilize their balance for purchases using virtual or physical cards, as well as for peer-to-peer payments. Solayer Pay, which was introduced as the Emerald Card in April 2025, currently boasts over 45,000 cardholders. However, it is important for users to understand the implications of depositing funds into an app balance, including how withdrawals work and the rules governing their accounts.
This development addresses a significant challenge in crypto payments, where users often need to comprehend blockchain routing for everyday purchases. By simplifying this process, Solayer Pay aims to enhance the user experience, although the effectiveness of these stablecoin deposits in driving card usage remains to be seen.
FAQ
What blockchain networks are supported for direct stablecoin deposits with Solayer Pay?
Solayer Pay currently supports direct stablecoin deposits from five major blockchain networks: Solana, Ethereum, Arbitrum, BNB Chain, and Base.
What types of stablecoins can I deposit into my Solayer Pay account?
You can deposit eligible dollar-pegged tokens such as USDC and USDT across the supported blockchain networks.
How does the new deposit flow simplify the process for users?
The new deposit flow allows users to select the network where their stablecoins are held and credit their Solayer Pay balance directly, eliminating the need for additional bridging steps and reducing potential fees and errors.
What can I do with the funds deposited into my Solayer Pay account?
Once the funds are deposited, you can use your balance for purchases with virtual or physical cards, as well as for peer-to-peer payments.
What should users be aware of regarding deposits and withdrawals in the Solayer Pay app?
Users should understand the implications of depositing funds into their app balance, including how withdrawals work and the rules governing their accounts.