How stablecoin and bank transfers work on Lava

Lava lets you add dollars to one USD balance with stablecoins or a bank transfer, use them across your Lava account, and send them back out to a wallet or a bank account.

How it works

1. Add dollars. Deposit USDC, USDT or PYUSD from any of 10 supported networks. Choose the stablecoin and network in the app, then send funds to the address shown. You can also transfer from a supported bank account, set up direct deposit, or draw dollars from your bitcoin line of credit (BLOC).

2. Hold one balance. Every deposit lands in the same USD balance, whichever stablecoin, network or bank route it came from.

3. Put it to use. From that balance you can spend with Lava Card, buy bitcoin, move dollars into the Lava Yield Account or repay a BLOC balance.

4. Send it out. Withdraw to a supported bank account, or withdraw stablecoins to an external wallet. In-app stablecoin withdrawals use USDC on any of the 10 supported networks. For other stablecoins or networks, contact concierge@lava.xyz and Lava’s OTC desk can arrange it.

Stablecoin transfers run 24/7, so they don’t wait for banking hours, and they work in places where Lava doesn’t support bank transfers yet.

Costs and fees

Bank routes depend on where your bank account is. When you connect it, the app shows the options available to you. Bank deposits are currently available in USD, EUR and MXN. Withdrawals are available to USD and EUR bank accounts. Lava’s published terms:

A few things sit outside the table. When you withdraw USD into another currency, such as EUR, Lava doesn’t add a conversion spread. When you pay abroad with Lava Card, Lava adds no FX fee or spread to Visa’s rate. For stablecoin transfers, the network you send on may charge its own transaction fee.

Risks and limits

• Timing can slip. A same-day ACH started after banking hours confirms the next day; one started on a Friday may not confirm until Monday. Wires sent after 4:45 PM ET go out the next banking day. If the receiving bank doesn’t complete a SEPA Instant payment, it falls back to standard SEPA, which can take 1–3 business days.

• Wires are limited. Domestic USD wires are available only to select users in certain regions. Lava doesn’t support SWIFT, so international users can’t use USD wires.

• The network must match. Send only the stablecoin and network you selected in the app, to the address shown. A mismatch can delay a deposit or cause it to be lost.

• Protection depends on where your dollars sit. Your available USD balance, including deposited and borrowed dollars, is backed 1:1 by US dollar-denominated reserve assets: US Treasury securities, fiat cash and audited stablecoins, held in segregated, bankruptcy-remote accounts with regulated financial institutions. Money you move into the Lava Yield Account is not held in those reserves. It is lent to borrowers who post bitcoin as collateral.

Who it’s for

This is for people who use dollars across borders: international professionals, remote workers, business owners and anyone paid in stablecoins. It also suits bitcoin holders who borrow through the BLOC and want those dollars at a bank or on a card without selling the bitcoin they hold as long-term savings. Companies can use the same routes through Lava for Business.

See current routes, times and fees on Lava’s bank transfers page.