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Receiving stablecoin deposits on Slash

Mahaveer Ukrani avatar
Written by Mahaveer Ukrani
Updated over 2 months ago

Stablecoin payments have become an essential part of modern business finance. But historically, receiving those payments required managing multiple platforms — from crypto exchanges to wallets and manual conversions. That’s no longer the case.

With Slash, you can now receive USDC or USDT payments directly into your business checking account without ever holding crypto yourself. Through our partnership with Bridge, stablecoins sent to your assigned wallet addresses are automatically converted into USD and deposited straight into your Slash account.

Receiving USDC/USDT Deposits (Auto-Converted to USD)

Follow these steps to receive stablecoin deposits seamlessly:

  1. From your Slash dashboard, click the Move Money button and select Add funds

  2. On the Add funds screen, choose the USDC / USDT option. This will take you to the stablecoin funding page.

  3. Configure your deposit details by:

    1. Choosing your preferred stablecoin: USDC or USDT

    2. Selecting a payment rail (ACH or Wire) and confirming the fees attached

    3. Choosing your blockchain network — supported chains include Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, Base, and Stellar (note: Stellar requires a memo).

  4. Once you select your preferred chain, Slash will generate a wallet address for your business. Receive USDC or USDT to this wallet address from your payer or crypto counterparty.

  5. Once the deposit is received, your stablecoin will automatically be converted to USD and is then deposited directly into your Slash Business Checking account.

When will my funds be deposited?

Deposit timing depends on when the stablecoin transfer is initiated:

  • Same-day settlement is available for transfers processed before 1 PM ET on business days.

  • Transfers submitted after 1 PM ET, or on weekends and holidays, will typically settle on the next business day.

We're excited to bring you the fastest and most efficient way for your business to receive stablecoin payments — without the hassle of managing wallets, setting up exchanges, or manually converting crypto to cash. With auto-conversion built directly into your Slash account, you can now accept USDC or USDT just like any other payment method, with funds landing directly in your checking account in USD.

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