Plasma One is the consumer fintech product from Plasma, a layer-1 blockchain purpose-built for stablecoin payments. The Plasma One Card is a Visa secured credit card where your self-custodial stablecoin wallet acts as collateral. Card spend earns up to 3% cashback in XPL tokens, with a 0% APR and up to 1% FX on non-USD purchases. Idle stablecoin balance earns up to 5% APY through a third-party Veda vault. Fiat on- and off-ramps are operated by Bridge (Bridge Ventures LLC) and KYC is handled by SumSub. The card was in early-access waitlist as of May 2026 with public launch expected June 2026.
Written by Aleksandar Dukic
Frequently Asked Questions
Is Plasma One a bank?
No. Plasma is a financial technology company, not a regulated bank or money services business. The card is issued under a Visa license through a partner bank named in the Plasma Spend Card Terms (Third National, with Signify Holdings as program manager per the public-facing site). The card is structured as a secured credit account: your self-custodial stablecoin wallet is collateral and the issuer extends short-term credit against it that gets liquidated to settle each charge. Stablecoin balances are not bank deposits and are not FDIC insured.
How does Plasma One cashback work?
Card spend earns up to 3% cashback paid in XPL, the native token of the Plasma chain. The standard tier earns 3% capped at $250/month in cashback; the upcoming Platinum tier raises that cap to $1,000/month. In our testing, cashback was credited within 48 hours of the transaction.
How does the 5% yield work?
Stablecoin balances on Plasma One can earn up to 5% APY through Veda vaults, which are smart contracts operated by Veda Tech Limited (BVI). The displayed rate in-app was 3.93% APY as of May 2026. Withdraw anytime - there is no lockup. Yield comes from on-chain DeFi opportunities and is not a deposit interest rate.
Where can I use my Plasma One card?
Anywhere Visa is accepted - online and in store, across 150+ countries. Plasma does not publish a country eligibility list for opening an account. Eligibility is confirmed at signup through KYC by SumSub. The Plasma Spend Card Terms also ask you to attest at activation that you are not a United States citizen and that the card is intended for those outside the United States - verify this at signup if you are based in the US.
How do you choose Plasma One crypto cards?
We compare verified issuer sources, fees, and eligibility. Availability can change, so confirm with the issuer before applying.
Do all cards in this list offer the same benefits?
No. Each issuer defines its own program terms. Review the sources on each card profile.
Are these rankings or recommendations?
No. Lists are filtered views of cards in our database and do not imply rankings.
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