UglyCash
LatAm dollar app on stablecoin rails.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — US MSB + issuer partners.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from UglyCash’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | San Juan, PR |
| Founded | 2023 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | US MSB + issuer partners |
| Card | Visa · Virtual + physical |
| Cashback | Up to 5% |
| Yield | USD yield on stables |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Latin America |
Verified links: official site ↗
Common questions about UglyCash
What is UglyCash?
UglyCash is a self-custodial, on-chain-first neobank, headquartered in San Juan, PR and founded in 2023. Your money is held custodially, so UglyCash or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (US MSB + issuer partners).
Does UglyCash have a card, and where can you use it?
It issues a Visa virtual and physical card. It is available in Latin America.
Does UglyCash require KYC?
Yes. UglyCash requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
What does UglyCash cost?
From the verified fields: cashback Up to 5%; yield USD yield on stables. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with UglyCash before relying on them.
Peers
Phantom · Zengo · MiniPay · MetaMask · Solflare · Rainbow
UglyCash appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in Latin America (113) · Neobanks that issue a Visa card (182)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.