Accept stablecoins. Grow deposits.
Coinbax Deposits lets accountholders send USDC or USDG to your institution and receive dollars in the account they already have.
Send works the same way in reverse, with the approvals, limits, and reversibility you expect from payments. There is no wallet program to run and no core conversion.
The first step in every stablecoin strategy
Start with the systems you have
Coinbax Deposits runs alongside your existing core, treasury, and digital banking systems. Coinbax handles the setup, your accountholders keep the accounts they already have, and your front line has nothing new to operate.
Start inside your controls
Every transaction is checked before it settles, including sanctions screening, and every check is recorded. Funds convert on arrival, so what lands on your balance sheet is dollars. Your compliance program keeps the vendors and audit framework it already has.
Start without locking anything in
Deposits is the first step in the crawl, walk, run playbook. It works with USDC, USDG, and other regulated payment stablecoins, so you never bet on one issuer. What your institution offers next, and when, stays your call.
An accountholder asks to deposit $100,000 in USDC. What's your answer?
- Moving funds off an exchange after a sale.
- Funding a new account they just opened with you.
- Making a loan payment or a down payment.
- A business accountholder banking stablecoin proceeds.
- Today the answer at most institutions is no, and the money lands somewhere else.
From a stablecoin send to a dollar deposit
Verify
Every transaction is checked before anything settles, including sanctions screening, and every check is recorded. Anything that fails a check never reaches your books.
Fund
The accountholder sends USDC or USDG from their own wallet to your institution. There is no wallet program for you to run and nothing new for your front line to operate.
Confirm
The approvals and limits you configure run before funds are final, the same way you set limits on any payment channel. A wrong-address payment can be stopped before it is final instead of written off.
Settle
Funds convert on arrival and post as dollars to the account the accountholder already has. The deposit lands on your balance sheet, and your core, treasury, and digital banking systems keep running as they do today.
From their wallet to your balance sheet
Your accountholder
Already holds USDC or USDG somewhere else: on an exchange, in a self-custody wallet, or at another institution. It stays theirs until the moment they send it to you.
The transaction
While a transaction is in flight, funds sit in programmable escrow under the contract's rules, then with the regulated liquidity partner while they convert to dollars. At no point do funds sit unaccounted for.
Your institution
Receives dollars, posted as ordinary deposits to the account the accountholder already has. Your institution takes on no digital assets, wallets, or keys, and the money works like any other deposit on your books.
Coinbax Deposits runs alongside your existing core, treasury, and digital banking systems. Coinbax is a certified Circle Alliance Partner and a member of Paxos's Global Dollar Network and Jack Henry's Fintech Integration Network.
Questions
No. Funds convert on arrival and post as dollars to your balance sheet. If your institution chooses to hold or custody digital assets later, that is a separate decision this product does not require.
Coinbax Deposits supports USDC, Paxos's USDG, and other regulated payment stablecoins.
Nothing changes. Coinbax Deposits runs alongside your existing core, treasury, and digital banking systems. Coinbax is a member of Jack Henry's Fintech Integration Network, with connectivity to SilverLake and Symitar, and no core conversion is required.
Every transaction is checked before it settles, including sanctions screening, and every check is recorded. The vendor diligence packet, including the SOC 2 attestation and the Consensys Diligence audit, is delivered at kickoff.
Yes, and you keep all of it. You can set a fee on external sends, starting from zero. Most institutions price it well under a wire fee, and for a typical retail book that line alone can cover the monthly cost.
Nothing changes on your balance sheet. Deposits already posted are ordinary dollar deposits. The channel closes and the money stays.