Plasma One Core
A plan byPlasma One
One of the first stablecoin-native neobanks. Cashback ranges from 2% (Lite) to 4% (Platinum, requires locking 100,000 XPL) paid in XPL tokens, with yield up to ~6% APY (in-app ~5%, variable). Note: FX is not free — a ~1% network FX applies on all tiers. It is still launching, and those yields depend on third-party DeFi protocols such as Aave, Ethena, Fluid and Euler.
Core
- Price
- Free
- Issuance fee
- Free
- FX markup
- 1%
- Cashback
- 3%
- Cashback currency
- XPL
- Cashback cap
- €250
- Required staking
- Lock XPL o canone annuale (importo da verificare)
- ATM fee
- 0%
- ATM limit
- Not disclosed
- Net annual cost
- Free
What's included
- Annual fee or XPL lock (exact amount to verify: sources range $120/10,000 XPL to $199/20,000 XPL)
- 3% base cashback (+ AI bonus) in XPL, ~$250/mo cap
- Yield up to ~6% APY (in-app ~5%, variable)
- ~1% network FX
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| SEPA transfer | Free |
| Interest on balance | 5% |
| ATM withdrawal | Free |
| Free ATM limit | Not disclosed |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, MENA, LATAM, AFRICA, APAC · 150+ countries |
| Regulator | Not a regulated financial institution |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Not a bank; fintech company |
Strengths
- One of the first stablecoin-native neobanks; 2-4% cashback in XPL; yield up to ~6% APY.
- No notable sovereignty advantage documented.
Weaknesses
- In lancio; yield depends from protocolli DeFi third-party.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
The solid rating recognizes an appealing proposition for the ordinary user: cashback from 2% (Lite) to 4% (Platinum, with a 100,000 XPL lock) and yield up to ~6% APY in one of the first stablecoin-native neobanks. But read it realistically: cashback is paid in volatile XPL tokens and a ~1% network FX applies on all tiers, so '0% FX' is only the Plasma markup. It is still launching, is not a regulated institution, and the yields depend on third-party DeFi protocols (Aave, Ethena, Fluid, Euler): without a deposit guarantee the risk stays with the user.
A mid profile through this lens: the stablecoin-native design and direct hook into DeFi protocols give a crypto-native flavor, but it stays custodial with full KYC. The user is exposed to the underlying protocols' risk without the key control that defines real self-custody.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Plasma One a real bank?
Plasma One is a digital financial service. The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with Plasma One?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Plasma One support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Plasma One support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Plasma One?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework Data verified on Jun 13, 2026
- kkinvesting.io Card issuance fee · FX markup · Cashback · Staking richiesto · +11 Data verified on Jul 11, 2026
- plasma.org Data verified on Jul 11, 2026
- fintechfutures.com Founders · IBAN countries · Headquarters Data verified on Jun 14, 2026
Show 5 more sources
- fortune.com Latest funding round · Investors Data verified on Jun 14, 2026
- blockworks.com Savings interest Data verified on Jun 13, 2026
- members.delphidigital.io Deposit guarantee Data verified on Jun 13, 2026
- plasma.to Monthly fee · Multi-currency Data verified on Jun 13, 2026
- rain.xyz On-chain crypto withdrawals · Third-party audit Data verified on Jun 13, 2026