Pulsar Deposits USDT From Seven Networks, Credits USDC
Pulsar has turned on USDT deposits. Send USDT or USDC from any of more than seven networks and the money arrives as USDC in a single Pulsar balance on Arc, one for one, with no Pulsar charge for on-ramping, bridging, conversion or swapping. Pulsar built the route with rhino.fi, Wirex and Privy.
Depositing USDT means converting it
The part to read carefully is the currency. USDT goes in and USDC comes out, at 1:1, into one unified balance that also backs the card. For anyone paid in USDT — and on Tron in particular, where Pulsar explicitly supports low-cost transfers — that removes a manual swap before the money is spendable.
For anyone who holds USDT deliberately, it removes the option. There is no USDT balance to sit in afterwards; the account keeps dollars as USDC. The two stablecoins are treated as interchangeable at the door, which is a reasonable assumption on any ordinary day and a distinction that matters on the days it is not.
Zero Pulsar fees is a claim about Pulsar
The waived fees are Pulsar's own: on-ramping, bridging, conversion and swap. The network fee to send the deposit is still charged by the chain, which is why the Tron route is the one Pulsar points at for cost. Reading the announcement as "free deposits" overstates it by exactly the size of the gas you pay to send.
Pulsar's own disclosure also sets the boundary around what the account is. Pulsar Money SRL describes itself as a software interface for stablecoin, wallet, card and payment features, and states it is not a bank, a payment institution, an electronic money institution or a card issuer. The USD and EUR accounts and the virtual card come from partners behind that interface.
Scattered stablecoins are the problem being solved
The account keeps USD funded by USDT or USDC and EUR funded by EURC, with conversion between the two inside the app, and the card spends from that balance. Consolidating seven-plus networks into one credited balance is a convenience aimed squarely at people whose stablecoins are scattered — which, after several years of chain fragmentation, is most people holding any.
Sources: Pulsar Money on USDT deposits, Pulsar Money.