Kora announced One Rail on September 29, 2026, adding stablecoin capabilities to its merchant payment infrastructure alongside traditional fiat payment rails. The company says merchants can collect and hold stablecoins, convert them into supported local fiat, and settle through Kora’s payout infrastructure; the initial rollout includes manual settlement workflows.
What One Rail does for merchants
Kora describes One Rail as a way to add stablecoin payments to the payment infrastructure merchants already access through its APIs and developer tools. The company says the system supports collection, balances, conversion and settlement, with features including dedicated wallet generation, payment tracking and automated reconciliation.
In the flow Kora describes, a customer sends stablecoins from an external wallet or exchange to a merchant’s configured wallet. Kora can notify the merchant when the on-chain payment completes. The merchant can then hold a digital-dollar balance, convert it into a supported local fiat currency and use Kora’s payout rails to settle to a local bank account. Kora’s launch announcement says the initial rollout covers collection, payouts and treasury, but specifically includes manual settlement workflows; it should not be read as a promise that every settlement step is automated.
Which stablecoins and networks are named
Kora’s September 29 launch announcement names Tether (USDT) and USD Coin (USDC) as the initial supported stablecoins. Its stablecoin developer guide lists three networks for each asset:
#1 Best Overall
| Stablecoin | Networks listed in Kora’s developer guide |
|---|---|
| USDT | SOL, ETH and TRX |
| USDC | SOL, ETH and TRX |
Kora says additional major USD-backed stablecoins could be added later, depending on demand and regulatory and operational readiness. The company has not committed in the announcement to a particular addition or date.
How a stablecoin payment is received
Kora’s developer guide describes an API-based acceptance flow. A merchant needs a Kora account with approved compliance details and documents, as well as API keys retrieved from the Kora dashboard.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
- Create a customer wallet. Configure it for the specific stablecoin and network the customer will use.
- Set up webhooks. Use webhook notifications to learn when a deposit completes.
- Verify the payment. Check the transaction through Kora’s Charge Query API rather than treating an initial notification as the only verification step.
The customer initiates the deposit outside Kora by sending funds from a wallet or exchange. This makes the exact asset-and-network pairing important: Kora says each wallet is created for one currency and one network, and warns that deposits sent through an unsupported or mismatched network may not be recoverable. Merchants should communicate the exact deposit instructions and confirm them before customers send funds.
What is established—and what still depends on the market
Kora’s broader pay-in documentation lists USDT and USDC as payment options, and its payout documentation lists those stablecoins alongside specified bank and mobile-money corridors. That does not mean every asset, payment method or payout destination is available in every country. Corridor and method availability is market-specific, so merchants need to confirm support for the particular country, currency and route in Kora’s current documentation before designing a payment flow.
Kora’s announcement says One Rail can convert digital-dollar balances into supported local fiat and settle through its payout rails. It does not establish a universal settlement time, a complete fee schedule, or a single workflow that applies in all markets. Those details should be confirmed for the merchant’s account and intended corridor.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to interpret Kora’s market claims
Kora founder and CEO Dickson Nsofor said in the launch announcement that cross-border commerce in Africa is hindered by remittance costs averaging “8–8.8%” compared with a “6.49% global average.” He also said stablecoin ownership in Africa is “78%.” These are claims attributed to Nsofor in Kora’s announcement, not independently verified figures established by the announcement: it does not identify the underlying study, measurement period, country coverage, definition of stablecoin ownership or calculation method.
Rank #4
Nsofor also described One Rail as a way to give merchants access to the speed, cost efficiency and access he associates with stablecoin payments. That is the company’s product positioning, not evidence that One Rail’s costs or performance have been independently measured against other payment options. The announcement does not provide enough comparable pricing, timing or performance data to rank Kora against alternative providers.
Quick Recap
Best Value
- It can be a gift option
- Comes with secure packaging
- Helpful in various ways
What merchants should check before adopting it
- Whether the required stablecoin and network are supported for the intended account and market.
- Whether the relevant pay-in and payout corridors, currencies and recipient methods are available.
- How conversion rates, fees, settlement timing and manual settlement steps work for the specific route.
- How webhooks and the Charge Query API fit into payment confirmation and reconciliation.
- What support and recovery options exist if a customer sends funds to the wrong network or wallet configuration.
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