1TCH announced a service that links fiat payments to stablecoins for freelancers, according to a GlobeNewswire release dated October 28. The platform connects traditional payment services with USDC and USDT for eligible users.
Freelancers who bill international clients often lose time and money on slow transfers. A stablecoin route could change that, but this release is light on numbers and comes from a small company. Read it as a product announcement, not a proven result.
What The Service Actually Offers
The release says eligible freelancers and businesses can receive payments through ACH and wire transfers. The platform then connects those funds with the two stablecoins. 1TCH says qualifying transactions may process the same business day, though it does not guarantee that timing.
The company names Mercury, Wise, and Payoneer as competitors. It states that it has no affiliation with any of them. The release does not list fees, exchange rates, or supported countries.
A leadership statement says, “The future of finance is not about choosing between traditional banking and digital assets.”
The release gives no details on identity checks or eligibility screening. Because the service touches payments, those details matter before you share bank information.
Why This Matters For Self-Employed Workers
Cross-border freelancers often pay fees on each transfer and wait days for funds. Faster settlement could help anyone who needs cash flow to cover rent, tools, or quarterly taxes. Tools like this also appeal to clients who prefer paying in digital dollars.
Fees and rules decide whether any service helps. Without published pricing, you cannot judge it against your current options. Tax treatment also matters, because converting between currencies and digital assets may create reporting duties.
Freelancers paid in several currencies often juggle accounts at multiple providers. A single route could simplify that, but only if the pricing beats the tools you already use.
What Self-Employed Workers Should Do Next
Ask 1TCH for a full fee schedule, eligibility rules, and the list of countries it supports before you move any money. Compare the total cost against what you pay now through your bank, Wise, or Payoneer. Run a small test payment first.
Talk to a tax professional about how stablecoin conversions affect your records. The IRS treats digital assets as property, so conversions can trigger reporting. Keep every statement and transaction ID for your books.
Never send a large invoice through a new provider as your first test. Confirm that the recipient account name matches your business records, and save every confirmation.
What To Watch Next
Watch for independent reviews and customer reports on how fast the transfers settle. A same-day claim is a goal in the release, not a promise. Reviews from real freelancers will tell you more than the announcement.
Payment fees remain a live issue for freelancers. Upwork added a $2.99 withdrawal fee for freelancers outside the US, as covered in our Upwork fee report. Expect more tools that promise cheaper payouts.
Regulators also shape stablecoin services, so rule changes could affect how products like this operate. Follow your payment provider’s notices for updates.
Until those answers appear, treat the service as an experiment rather than a place to park your main income.
