Plasma One
Stablecoin-first neobank card built around the Plasma chain's zero-fee USDT transfers.
4.0% risk-adjusted · Custodial
Monolith review
One of the earliest self-custodial contract-wallet cards in Europe.
Headline cashback
0%
Risk-adjusted rate
0.0%
Custody
Self-custodial
Incidents on record
1
Full fee table
- Cashback
- None structural
- Reward paid in
- None (none)
- FX fee
- 1.00% — Small spread
- Monthly fee
- Free
- Issuance fee
- Free
- ATM policy
- ATM allowance applies
- Lock requirement
- None
- Funding assets
- USDC, DAI, ETH
- Chains
- Ethereum, Gnosis Chain
- Regions
- EEA and UK
- Network
- Visa
- Verified
- 2026-08
How we discount token rewards
We do not take a headline cashback percentage at face value when the reward is paid in a token rather than cash or a stablecoin, because that reward is a variable subsidy the issuer can reprice or that can simply lose value against the dollar. The worked math for Monolith:
- 1. Headline cashback: 0%
- 2. Reward risk class: none → haircut multiplier 1.00 (stablecoin/fiat = 1.00, mixed = 0.70, native-token = 0.40)
- 3. Risk-adjusted rate = 0% × 1.00 = 0.00%
- 4. On $1,000 of monthly spend that is $0.00 of durable value, versus $0.00 of headline value that assumes the token reward never depreciates.
The 0.40 and 0.70 multipliers are deliberately conservative judgement calls, not a market-derived number — treat them as a floor on how much of the headline rate to trust, not a precise forecast.
Incident history and issuer risk
- · Service has been paused historically during banking-partner transitions
Small operation; the recurring risk in this category is the partner bank withdrawing, not the wallet contract failing.
Alternatives
Binance Card
Spends directly from a Binance spot wallet, cashback scaled by BNB holdings.
3.2% risk-adjusted · Custodial
Monolith, answered
+ − Is the Monolith headline rate the rate I will actually get?
Only if the reward is paid in stablecoins or fiat. Any reward paid in the issuer's own token is a subsidy that can be repriced or lose value, so the honest number is the risk-adjusted rate, not the headline one.
+ − What happens if Monolith's issuer runs into trouble?
Read the custody model: a custodial card's balance sits on the issuer's books and is exposed to issuer insolvency; a self-custodial card removes that risk but adds smart-contract and key-recovery risk instead.
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Informational only, not financial advice. Terms, fees and availability change frequently — always verify on the provider's own site before committing funds. Some outbound links may be partner links; they never affect ranking or scoring.