Ranked #9 of 35
Plasma One Review
Self-custodial stablecoin spending with vault yield built in. Best card for premium perks like lounge access, or AI cashback.
Quick answer
Plasma One charged a 1.06% FX spread in our test; base cashback 2, highest cashback 10% on AI Subs and Flights (Platinum Tier); custody Non-custodial; KYC required. Independently verified; Last verified 20 Oct 2026 by Tristyn Pawson.
We opened the account ourselves, added the card to a phone wallet and ran live transactions to check the charges, FX claims and cashback.
Card at a glance
We opened the Plasma One account ourselves, loaded it and spent on it, so the figures below reflect what we saw on the card rather than the marketing page.
- FX fee
- 1%
- Base cashback
- 2
- Highest cashback
- 10% on AI Subs and Flights (Platinum Tier)
- Card cost
- Free, 30EUR for Physical
Verified by us
- Wallet architecture
- Non-custodial
- Setup time
- 10 minutes
- Spend limit
- $30,000/day
- ATM withdrawals
- No ATM access on Lite tier
The verdict
Plasma One combines self-custodial stablecoin spending with integrated vault yield, removing the usual swap step before you pay. The free tier is limited; premium-tier cashback is paid entirely in XPL, and FX fees are high
Score: 7.4 out of 10
Strengths
- True self-custody
- Stablecoin yield with no lock-up
- Spend stablecoins directly with no conversion step
- Zero-fee peer-to-peer transfers
Weaknesses
- Cashback is paid in XPL
- a volatile token
- Cashback tapers sharply once the monthly cap is reached
- Physical card requires a paid tier or a token lock-up
- weird refferal qualification
Compare with other cards
Plasma One vs Ethena Pay
#1 · 1% spread
Plasma One vs Coca Card
#2 · 1.18% spread
Plasma One vs EtherFi
#3 · 0.51% spread
| # | Card | FX spread | Card cost | Base cashback | Custody | Setup time | Score |
|---|---|---|---|---|---|---|---|
| 1 | Plasma One | 1% | Free, 30EUR for Physical | 2 | Non-custodial | 10 minutes | 7.4/10 |
| 2 | Ethena Pay | 1% | 0 | 4% | Non-Custodial (no option to see keys until deleting account | 10 minutes | 8.5/10 |
| 3 | Coca Card | 1.18% | Free | 1% in USDC, paid on the 10th | Non-Custodial | ~8 minutes | 9.2/10 |
| 4 | EtherFi | 0.51% | Free | 3% instant | Non-Custodial | ~8 minutes | 9.2/10 |
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Plasma One FAQs
Plasma One
1% FX · 7.4/10
Who ranks these cards
I'm Tristyn Pawson, founder of ConsistenC.xyz. Over the last five years I've worked on marketing, development and growth across five crypto cards and neobanks, building at least three of them from scratch.
Alongside that I've run in-depth research on 20+ crypto banks to understand what actually makes someone keep a card in their wallet. These rankings reflect that: which problems are tolerable, and which ones are genuine deal breakers.
- Years in market
- 5
- Cards built on
- 5
- Neobanks researched
- 20+