Overview
Plasma One is the consumer card from the team behind the Plasma stablecoin chain, designed for people who hold and spend dollar-denominated stablecoins. The card is issued by Rain (a Visa principal member) and accepted everywhere Visa is. You keep your USDT, USDC, or USDS in your own on-device wallet — Plasma One is non-custodial — and every transaction settles via the Plasma network. The card pays a flat 3% cashback in XPL, the chain's native token, and your idle stablecoin balance earns up to ~3.6% APY.
Who Plasma One is best for
Plasma One is best for stablecoin-native users who want a simple, low-fee way to spend USDT or USDC globally without converting to bank balances. If you're already holding stablecoins and want them to earn a yield while still being instantly spendable, it's an excellent fit. The card is currently iOS-only and requires an invitation code — request one from the Sign Up button on this page and we'll mail it to you.
Fees, in detail
FX fees are 0% on USD and EUR transactions and 1% on all other currencies — among the lowest of any crypto card. USD₮ transfers on the Plasma chain are zero-fee, so funding and moving your balance costs nothing. There is no annual or monthly card fee. Withdrawal and partner fees are surfaced in-app before you confirm each transaction.
Cashback and rewards
Every Plasma One purchase earns a flat 3% cashback paid in XPL, Plasma's native token. The rate is identical across virtual and physical cards — no tier gating, no spending categories. Because cashback is in XPL, the value moves with the broader Plasma ecosystem. For users who believe in the chain's growth, this stacks meaningful exposure on every dollar spent.
Standout features
- Up to 3.6% APY on stablecoin vault balances
- Zero-fee USD₮ transfers on the Plasma chain
- Non-custodial (private keys stay on your device)
- Visa acceptance in 150+ countries
- Issued by Rain (Visa principal member)
- Premium physical card available, virtual instant
Pros
- Flat 3% cashback on every purchase, paid in XPL
- Stablecoin balances earn yield while sitting on the card
- Truly non-custodial — keys stay on your iPhone
- Zero-fee transfers between Plasma One users
Cons
- iOS-only at launch (Android version listed as coming soon)
- Requires an invitation code to sign up
- Cashback in XPL token, so USD value depends on token market
How to sign up
Tap the Sign Up button on this page and you'll see two options: App Store and Get Code. Tap Get Code, enter your email address, and we'll send you a Plasma One invitation code by email. Once you have the code, install the Plasma One app from the App Store and enter it during sign-up.
Frequently asked questions
Why do I need an invitation code for Plasma One?
Plasma One is in a controlled rollout that gates onboarding through invitation codes. Request one through the Get Code option in the Sign Up popup — we email you a code so you can complete sign-up in the app.
Is Plasma One available on Android?
Not yet. The official Plasma One page lists Android as 'coming soon.' Today the card is iOS-only.
What yield does Plasma One pay on stablecoin balances?
Up to ~3.6% APY on the connected stablecoin vault, depending on the asset and market conditions. Yield accrues automatically while your balance sits ready to spend.
What's the FX fee on Plasma One?
0% on USD and EUR spending; 1% on all other currencies. USD₮ transfers within the Plasma chain are free.
Do I have to pay an annual fee?
No. There is no annual or monthly card fee on Plasma One.
