TL;DR: Solayer Pay says its card app now accepts supported stablecoin deposits from Solana, Ethereum, Arbitrum, BNB Chain and Base with out a further bridging step.
Shifting stablecoins from a crypto pockets to a cost card has usually concerned an ungainly detour by way of one other blockchain or alternate. Solayer Pay is attempting to take away that step by accepting deposits from 5 well-liked networks instantly into its card stability.
In an announcement dated Thursday night in the US, Solayer stated customers can now fund the app from Solana, Ethereum, Arbitrum, BNB Chain and Base. The product helps deposits utilizing eligible dollar-pegged tokens comparable to USDC and USDT on the supported chains.
The community downside behind a easy buy
A dollar-backed token issued on one blockchain is just not interchangeable on the technical stage with a model on one other community. An individual would possibly personal USDT on BNB Chain whereas their cost app beforehand accepted deposits solely on Solana. Bridging or exchanging the funds introduces additional steps, community charges and the opportunity of utilizing the mistaken handle.
Solayer says its new deposit move lets customers select the community the place their supported tokens already reside and credit score a standard Solayer Pay stability. As soon as deposited, that stability might be spent utilizing digital or bodily playing cards the place out there, with the app additionally supporting appropriate cell wallets and peer-to-peer funds.
The corporate says greater than 45,000 cardholders use the product. Solayer Pay was launched because the Emerald Card in April 2025, with a bodily card added later. These are company-reported distribution metrics slightly than independently audited cost volumes.
Spending is just not the identical as self-custody
The comfort comes with a change within the person’s relationship to the property. As soon as cash is deposited into an app stability, prospects want to know which supplier holds it, how withdrawals work and what guidelines apply if an account is restricted or a supported chain turns into congested.
Geographic eligibility and identity-verification necessities additionally matter. A Visa-linked card program’s international acceptance community doesn’t routinely imply that each particular person worldwide can receive the cardboard or deposit each stablecoin.
Nonetheless, the launch addresses an actual weak point in present crypto funds: customers are requested to know blockchain routing earlier than making abnormal purchases. Eradicating a few of that complexity could possibly be commercially helpful even when the underlying cost finally settles by way of present card networks.
The following query is whether or not stablecoin deposits translate into significant card use. That may be a tougher measure of adoption than the variety of out there networks or wallets.
Supply: www.globenewswire.com original announcement or data.
Associated Studying: stablecoins; layer-2 networks; Ethereum.
Written by the Information Desk and edited by Samuel Rae.
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