Plasma One
Plasma One is a stablecoin neobank with a self-custody Visa card, launched in March 2026 and growing fast. The free Lite plan pays 2% in XPL on the first $500 a month; the paid Core and Platinum plans raise that to 3 and 4% and cut the FX markup to zero.
- Visa
- Apple Pay
- Google Pay
- KYC required
- Virtual card
- Physical card
- Metal card
- Self-custody
Good
- Self-custody: Plasma does not hold your assets
- Free stablecoin and bank top-ups; first virtual card free on every plan
- Up to 4% back on Platinum, plus 5 to 10% on AI services
- No weekly or monthly spending limit; the daily limit is yours to set
- Bank rails in USD, EUR, GBP, MXN, BRL and COP
Watch out
- Cashback is paid in the XPL token
- Free Lite plan drops to 0.1% after $500 a month and has no physical card
- About 2% FX cost on Lite (1% Plasma markup plus the Visa fee)
- Paid plans need $199 a year or a 20,000 to 100,000 XPL lock
- Country list not published
Key facts
- Card price
- Freevirtual
- Cashback
- 2%on the first $500 a month
- Annual fee
- Free
- Top-up fee
- Free
- FX fee
- About 2% on Lite
- Daily spend limit
- $5,000
Rewards
| Cashback | 2% on the first $500 a month, in XPL |
|---|---|
| Paid in | XPL |
| Monthly bands (entry plan) | 2% up to $500; 0.1% above $500 |
| Payout | Paid in XPL; convert it to your USD balance or lock it to upgrade your plan. |
| Referral | 0.25% of referrals' spend on Lite, 1% on Core and Platinum. |
Conditions
- Core: 3% on the first $1,000, 2% on the next $1,000, 1% on the next $1,000, 0.25% above $3,000
- Platinum: 4% on the first $3,000, 3% on the next $7,000, 2% on the next $5,000, 1% above $15,000
- AI services: Core 5% on the first $250 a month; Platinum 10% (up to $1,400 a year) and 10% on flights (up to $600 a year)
- Rates are variable and may change
No cashback on
- ATM withdrawals
Perks
- Core: ChatGPT Go, 1 GB eSIM, car rental insurance, Visa concierge, purchase protection up to $10,000
- Platinum: ChatGPT Plus and Claude Pro, lounge access, 3 GB eSIM, travel and baggage insurance, purchase protection up to $20,000
- Earn vault: 4.34% APY at the time of a third-party test, no lock-up (not a deposit; smart-contract risk)
Promotions
- 20% back on travel (no end date given)
Fees, limits and card details
| Virtual card | FreeFirst virtual card free on every plan |
|---|---|
| Physical card | FreeCore and Platinum only; first card free on Platinum and marked as coming on Core. Replacement: $40 Core, $120 Platinum |
| Delivery | Core $20 standard, $50 express; Platinum free, $30 express |
| Monthly fee | Free |
| Annual fee | FreeLite plan |
| Per purchase | FreeNo extra Plasma fee |
| Foreign currency (FX) | About 2% on LitePlasma markup 1% (Lite), 0.5% (Core), 0% (Platinum) plus the Visa fee of about 1%; a third-party test measured about 2.3% on Lite |
| Top-up | FreeStablecoins and bank deposits |
| ATM withdrawal | $2 + 2%Plus the FX markup abroad and any operator fee |
| Withdrawal | Bank: 0.75% + ACH fee (Lite), 0.35% (Core), 0.10% (Platinum) |
| ATM balance inquiry | $1 |
| Declined ATM transaction | $1 |
| Returned payment | Up to $29 |
- Partner fees for FX and bank withdrawals are shown in the app before you confirm.
- Pay in local currency: merchant conversion (DCC) can add 4 to 8%.
| Spending, per day | $5,000Default; you can set any daily limit in the app |
|---|---|
| Spending, per month | No limitSupport confirms there are no weekly or monthly limits |
| ATM, per transaction | $1,000 |
| ATM, per day | 3 withdrawals a day |
- Daily limit resets at 00:00 UTC.
- ATM withdrawals need the physical card and count toward the daily limit.
| Provider | Plasma |
|---|---|
| Network | Visa |
| Card type | DebitGlobal accounts get a spend card; US accounts get a credit card with no annual fee. |
| Custody | Self-custodyPlasma does not hold your assets; cash accounts run through Bridge. |
| Formats | Virtual card, Physical card, Metal cardPhysical cards on Core and Platinum only; Platinum gets a 16 g metal card. |
| Currencies | USD |
| Issuer | RainRain is the Visa principal member; DefiLlama names Third National. Accounts are provided by Bridge Building Inc. (US), Sp. z o.o. (EEA) and Limited (rest of world). |
| Cards per account | Free virtual cards: Lite 1, Core 2, Platinum 3. |
| Wallets | Apple Pay: Yes; Google Pay: YesA tester's virtual card was added to Apple Pay automatically. Google Wallet works when added by hand; adding it from the app is coming. |
| Launched | March 2026 |
| Required | KYC required |
|---|---|
| Verification provider | Sumsub |
| What you provide | Photo ID; Name, address and phone; SSN for US applicants |
| Time | About 10 minutes |
- Cash accounts add checks by Bridge and Persona.
- 18 or older; politically exposed persons go through enhanced checks.
- If your country or state is not supported, verification fails when you submit; support cannot override it.
Availability
Limited
Nigeria, Sri Lanka. IDs from this country are not accepted; living in a supported country with proof of address may work.
Afghanistan, Bosnia & Herzegovina, Central African Republic, DR Congo, Guinea, Guinea-Bissau, Haiti, Libya, Mali, Somalia, South Sudan, Sudan, Yemen, Zimbabwe. Restricted jurisdiction in the terms: access may be limited at Plasma's discretion.
Bangladesh, Eritrea, Kuwait, Mexico, Seychelles. No physical card delivery; virtual card only.
United States. Available in 31 US states.
US states (31): Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Texas, Utah, Virginia, West Virginia, Wyoming.
Not available
Cuba, Iran, North Korea, Russia, Syria, Ukraine, Venezuela. Not supported.
Belarus, China, India, Iraq, Israel, Myanmar, Nepal, Nicaragua, Türkiye, Vietnam. IDs not accepted; restricted in the terms.
Every other country is likely available: the provider publishes only exclusions.
Provider's claim: Works in 180+ countries where Visa is accepted.
Plasma does not publish a list of supported countries; the issuer decides, and some regions are not supported even with an invite.
Countries outside the published restrictions are shown as likely available, without official confirmation.
Crimea, Donetsk, Luhansk, Kherson and Zaporizhzhia are prohibited; FATF grey-list countries are reviewed case by case.
Supported cryptocurrencies
- USDT
- USDC
- USDG
- XPL
Supported networks
- Plasma
- Ethereum
- Solana
- Tron
- Optimism
- Polygon
- BNB Smart Chain
- Arbitrum
- HyperEVM
- Base
- Robinhood Chain
Bank and card top-ups
ACH, Wire, SEPA, Faster Payments, SPEI, PIX, Bre-B.
- USDT on Plasma, Ethereum, Solana, Tron, Optimism, Polygon, BNB Smart Chain, Arbitrum and HyperEVM; USDC on Ethereum, Solana, Base, Optimism, Polygon, Arbitrum and Robinhood Chain; USDG on Robinhood Chain.
Plans
| Literated planFree | Core$199 a year or 20,000 XPL locked for 12 months | Platinum100,000 XPL locked for 12 months | |
|---|---|---|---|
| Cashback (first band) | 2% on the first $500 | 3% on the first $1,000 | 4% on the first $3,000 |
| AI spend cashback | Unknown | 5% | 10% |
| FX markup | 1% | 0.5% | 0% |
| Free virtual cards | 1 | 2 | 3 |
| Physical card | Not available | First card coming; $40 replacement | Free metal card; $120 replacement |
| Bank withdrawal | 0.75% + ACH fee | 0.35% | 0.10% |
| Support | Standard | Priority | VIP |
Literated plan
Free
- Cashback (first band)
- 2% on the first $500
- FX markup
- 1%
- Free virtual cards
- 1
- Physical card
- Not available
- Bank withdrawal
- 0.75% + ACH fee
- Support
- Standard
Core
$199 a year or 20,000 XPL locked for 12 months
- Cashback (first band)
- 3% on the first $1,000
- AI spend cashback
- 5%
- FX markup
- 0.5%
- Free virtual cards
- 2
- Physical card
- First card coming; $40 replacement
- Bank withdrawal
- 0.35%
- Support
- Priority
Platinum
100,000 XPL locked for 12 months
- Cashback (first band)
- 4% on the first $3,000
- AI spend cashback
- 10%
- FX markup
- 0%
- Free virtual cards
- 3
- Physical card
- Free metal card; $120 replacement
- Bank withdrawal
- 0.10%
- Support
- VIP
Effective cashback at $1,000 a month: Lite 1.05%, Core 3%, Platinum 4%.
Community review
App Store
4.3 out of 5 from 185 ratings
App: Plasma One: Stablecoin Card
Our rating
7.7 out of 10
| Criterion | Weight | Score | Points |
|---|---|---|---|
| Fees | 28% | 7.7 | 2.16 |
| Cheapest card$0 | 20% | 10.0 | |
| Yearly cost$0 | 20% | 10.0 | |
| Top-up cost0% | 20% | 10.0 | |
| Cost per purchase0% | 15% | 10.0 | |
| FX cost2% | 15% | 1.0 | |
| ATM cost3% | 10% | 0.8 | |
| Rewards | 18% | 7.6 | 1.37 |
| Cashback at $1,000 a month1.05% | 75% | 7.9 | |
| Reward currencyXPL | 15% | 5.0 | |
| Perks3 | 10% | 9.1 | |
| Availability | 14% | 9.0 | 1.26 |
| Countries221 countries | 70% | 8.5 | |
| Apple Pay and Google Pay10 of 10 | 30% | 10.0 | |
| Limits | 7% | 9.0 | 0.63 |
| Spending capacity a dayNo limit | 70% | 10.0 | |
| Cash a day$1,000 | 30% | 6.7 | |
| Custody | 7% | 10.0 | 0.70 |
| Track record | 7% | 6.0 | 0.42 |
| Age7 months | 50% | 1.9 | |
| IssuerNamed | 30% | 10.0 | |
| IncidentsNone | 20% | 10.0 | |
| Data completeness | 6% | 10.0 | 0.60 |
| KYC and privacy | 5% | 4.0 | 0.20 |
| Networks and coins | 5% | 6.2 | 0.31 |
| Networks11 | 50% | 8.9 | |
| Coins4 | 50% | 3.5 | |
| App ratings | 3% | 3.3 | 0.10 |
| Total | 100% | 7.74 = 7.7 |
Each criterion is scored 0 to 10, rounded to 0.1, then multiplied by its weight. Unknown values score 2.
How to get the card
- Install Plasma One and sign up (about 10 minutes with identity checks).
- Deposit USDT or USDC, or send money by bank transfer.
- Use the free virtual card in Apple Pay, or upgrade to Core or Platinum for a physical card.
Questions
How does Plasma One's tiered cashback work?
The rate applies only inside each band of monthly spend. On Lite you get 2% on the first $500 and 0.1% above it; Core pays 3% on the first $1,000 and steps down to 0.25% above $3,000; Platinum pays 4% on the first $3,000 and 1% above $15,000. Cashback is paid in XPL.
How much does the Plasma One card cost?
Getting a Plasma One card is free. Annual fee: Free. Top-up fee: Free.
Does Plasma One pay cashback?
2% on the first $500 a month, in XPL. At $1,000 of spend a month on the entry plan that works out to about 1.05%. Paid in XPL; convert it to your USD balance or lock it to upgrade your plan.
Does Plasma One require KYC?
Yes, Plasma One requires identity verification before you get the card through Sumsub (about 10 minutes). Cash accounts add checks by Bridge and Persona.
Is Plasma One available in the US?
Partly: Available in 31 US states.
Can I add Plasma One to Apple Pay or Google Pay?
Yes, Plasma One works with Apple Pay and Google Pay. A tester's virtual card was added to Apple Pay automatically. Google Wallet works when added by hand; adding it from the app is coming.
Which coins and networks can I use to top up Plasma One?
Coins: USDT, USDC, USDG, XPL. Networks: Plasma, Ethereum, Solana, Tron, Optimism, Polygon, BNB Smart Chain, Arbitrum, HyperEVM, Base, Robinhood Chain.
What are the Plasma One spending limits?
Per day: $5,000. Per month: No limit.
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Before you order
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Sources
- Apple App Store listing
- Official website
- Official help centre
- Official terms of service
- Answers from official support
- DefiLlama
- PaymentScan
Figures are taken from these sources in this order of priority: the provider's own pages, then DefiLlama, then other reviews, then Telegram reports.