Stablecoin Neobanks Offer Yields From 2.2% To Above 10%

Ten stablecoin-powered neobanks advertise yields ranging from 2.2% to above 10% in 2026. The platforms use USDC, USDT, EURC and other stablecoins for card payments, cross-border transfers and dollar-based accounts. Most are not banks and do not provide deposit insurance.

The group includes KAST, RedotPay, Plasma One, Fasset, ARQ, Lemon Cash, Littio, Deblock, Nubank’s Nu Global and Revolut. They operate across Latin America, Asia, Europe, Africa and the Middle East. Reported user numbers range from hundreds of thousands to tens of millions when parent-company customers are included.

KAST raised $80 million in a March 2026 Series A, bringing its reported funding to about $90 million. It operates in more than 170 countries, offers payouts in over 20 currencies, advertises yields of up to 8% and provides as much as 3% cashback on card spending. KAST is not a bank and uses licensed partners for custody and other services.

RedotPay reported 8.5 million registered users by July 2026. It raised $107 million in a December 2025 Series B and reported more than $10 billion in annualized transaction volume before reaching that user figure. It later obtained a U.S. money transmitter license. Plasma One advertises returns above 10%, 4% cashback, fee-free USDT transfers and card acceptance in more than 150 countries. Rain issues its cards, while Plasma One operates its own Layer 1 blockchain. Verified 2026 user and transaction figures are unavailable.

Fasset reported more than 3 million wallets and over $40 billion in annualized volume three months after raising $51 million in May 2026 and $68 million in a Series C. It operates across more than 100 banking corridors and has approvals or registrations in the United Arab Emirates, Indonesia, Malaysia, the European Union, Türkiye and Pakistan. The company describes its service as Shariah-compliant and has partnered with Tether on a gold-backed card.

ARQ, formerly DolarApp, reported more than 2 million users and over $10 billion in annualized volume across Mexico, Argentina and Colombia after raising $70 million in March 2026. Lemon Cash reported nearly 5 million users, more than $160 million in custodied assets and over 150,000 Visa cards issued in Peru. Its digital-dollar yield varies and comes through the Morpho DeFi protocol rather than directly from Lemon Cash.

Littio reported reaching more than 375,000 people and processing over $1 billion across five markets. Its returns are tiered, with the highest advertised rate available through a paid plan. Littio operates as a nonbank intermediary. Deblock, a French licensed electronic-money institution and MiCA-authorized platform, reported more than 500,000 clients by July 2026. Its advertised 4% return comes from placing EUR CoinVertible into Morpho and has no deposit guarantee.

Nubank announced Nu Global in September 2026 across more than 35 countries. The service converts deposits into USDC or EURC and advertises 3.5% on dollar balances and 2.2% on euro balances. Its U.S. operations involve Lead Bank. The Office of the Comptroller of the Currency has conditionally approved a bank charter application, while Federal Reserve and Federal Deposit Insurance Corp. approvals remain pending.

Revolut began a phased rollout of its EURR stablecoin in Denmark, Poland and Portugal in August 2026. Bridge Building S.A., a Stripe subsidiary, issues the token. Revolut has 80 million customers and does not offer a dedicated stablecoin yield account.

Cross-border stablecoin flows reached $220.3 billion in the 12 months ending June 2026, up 77.5% from a year earlier. Total stablecoin supply stood at about $303 billion in mid-October, with USDT accounting for roughly 60% of the market.

The blockchain settlement portion of a $200 stablecoin transfer averaged about 0.4% in a March 2026 study of 10 corridors. Total costs, including purchases and sales of stablecoins, ranged from 0.30% to 8.96%. Visa and Mastercard handle most card purchases, while blockchain networks process the stablecoin transfers.

Returns from Morpho and other DeFi protocols can be affected by smart-contract failures, liquidations and market changes. Customers generally do not control private keys on custodial platforms and could become unsecured creditors if a provider fails. Circle and Tether can freeze addresses. European rules prohibit stablecoin issuers from paying interest-like returns, while U.S. rules on holding-based rewards remain unsettled.