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The Neovestor card, coming soon
The Neovestor card is coming soon, and there is no launch date yet. It will be funded from your Cash balance and offered in eligible regions only, through a card-issuing partner. Identity verification is required to apply. Neovestor will not issue the card itself, and the Cash balance behind it isn't covered by deposit insurance.
On this page
- How will the Neovestor card work?
- What is planned for the Neovestor card?
- Who does what in a card program?
- Why does the card need identity verification?
- Are the funds behind the card covered by deposit insurance?
- How is the card funded from Cash?
- What are the risks of a stablecoin card?
- Frequently asked questions
- Sources
How will the Neovestor card work?
A card-issuing partner issues the card
Neovestor is an interface, not a card issuer. The card will be issued by a card-issuing partner under its own terms. Neovestor hasn't announced the partner or a launch date.
You verify your identity
Identity verification is required to apply, and the card will be offered in eligible regions only. Card programs verify a cardholder's identity before a card is issued, as part of know-your-customer (KYC) and anti-money-laundering (AML) checks.
You fund the card from Cash
The card will be funded from your Cash balance, which is one balance made of idle USDC plus the Cash earn position.
What is planned for the Neovestor card?
The card is coming soon. It is not live, and Neovestor has no date to share.
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This is what is planned, and details can change before launch:
- Identity verification is required to apply.
- The card is offered in eligible regions only. Availability depends on your country.
- A card-issuing partner issues the card, under its own terms.
- The card is funded from your Cash balance, which is idle USDC plus the Cash earn position.
Part of Cash, the Cash earn position, is USDC lent through Jupiter Lend at a variable rate. See stablecoin yield for how that works, and self-custody for who controls the wallet behind it. Questions about the card can start at the FAQ.
Who does what in a card program?
A card program in a stablecoin neobank usually involves four roles:
| Role | What it does |
|---|---|
| Issuing bank | Is the bank behind the card: sponsors the BIN (bank identification number) and owns compliance duties such as KYC, AML and sanctions screening |
| Program manager | Manages the day-to-day operations of the card program |
| Processor | Routes authorization requests and handles settlement data |
| Card network | Sets rules, manages interchange and provides acceptance at merchants |
Real programs combine these roles in different ways, and one company can take on more than one of them, so the table is a map, not a blueprint. Which company plays which role for the Neovestor card has not been announced.
Why does the card need identity verification?
Because a card program has to know who its cardholders are. Card programs check a cardholder's identity before a card is issued, as part of KYC (know your customer) and AML (anti-money-laundering) obligations, and they monitor for fraud alongside those checks.
For the Neovestor card, identity verification is required to apply, and the card will be offered in eligible regions only. Neovestor has not published a region list, so availability depends on your country.
Are the funds behind the card covered by deposit insurance?
No. Cash is a balance of USDC plus the Cash earn position, and neither is covered by deposit insurance. The GENIUS Act says payment stablecoins are not subject to FDIC deposit insurance, and the FDIC lists crypto assets among the products it does not cover. The FDIC also says nonbank companies are never covered by deposit insurance themselves, and that its coverage does not protect against the insolvency or bankruptcy of a nonbank company.
The Cash earn position carries risks of its own, including smart-contract risk and withdrawal limits.
How is the card funded from Cash?
Cash is one balance in Neovestor: idle USDC plus the Cash earn position, which is USDC lent through Jupiter Lend. The card will be funded from this balance. Withdrawals from the earn part can be limited by the protocol's own withdrawal limits, and every rate shown on Cash is variable, with an as-of time.
Neovestor is an interface. It doesn't issue the card or the stablecoin, and the card's own terms come from the card-issuing partner.
What are the risks of a stablecoin card?
Frequently asked questions
When will the Neovestor card launch?
The card is coming soon. It is not live, and Neovestor has not announced a launch date.
Who issues the card?
A card-issuing partner, not Neovestor. Neovestor is an interface and has not announced the partner.
Where will the card be available?
In eligible regions only. Neovestor has not published a region list. Availability depends on your country.
Do I need to verify my identity?
Yes. Identity verification is required to apply for the card. Card programs verify a cardholder's identity before a card is issued, as part of KYC and AML checks.
How will the card be funded?
From your Cash balance, which is idle USDC plus the Cash earn position. Withdrawals from the earn part can be limited by the protocol's own limits.