Your stablecoin balance, wherever Visa is accepted
A virtual card funded by your stablecoin balance. Accepted wherever Visa is accepted — in 150+ countries. Closed beta — some users skip the waitlist.
If you hold stablecoins and you've ever tried to use the balance in a country that isn't yours, you already know the loop. Off-ramp through a local exchange. Wait. Withdraw to a bank account, if you have one. Use a bank card. The whole point of self-custody — undone in three steps.
The peanut card cuts that out. It's a virtual card funded by your stablecoin balance. Your balance lives in your own passkey-controlled smart wallet — peanut never holds your money. Only up to your card limit is parked in a collateral contract managed by Rain, our card issuer, so payments clear instantly; everything above the limit never leaves your wallet. Top it up, pay, done. The card is accepted wherever Visa is accepted — in 150+ countries.
The card is in closed beta, rolling out gradually through a waitlist. Some users may be eligible to skip the waitlist — check at peanut.me/shhhhh.
Who this is for
We built peanut for people who don't fit. Digital nomads who get bounced by every neobank's onboarding the moment they cross a border. Expats who pay 4% on every transaction home. LATAM users who earn in dollars and spend in local currency. Remote workers who get paid in stablecoins and want to use the balance without three days of bank transfers.
If you've ever stared at "this card has been blocked for your security" from a beach halfway around the world, you already know.
What the card does
It's a card. That's the whole trick.
- Accepted wherever Visa is accepted — in 150+ countries. Online and in-store contactless.
- Apple Pay / Google Pay. Manual add.
- Your money stays yours. Your balance lives in your own passkey-controlled smart wallet. Only up to your card limit sits in collateral with Rain, our card issuer — and it only ever moves to pay for your card purchases, or back to your wallet with your signature. We don't hold custody. We don't lend it out.
- No monthly fees. No annual fees. Standard fees and limits apply per the cardholder terms.
You top up the card from your stablecoin balance. When you pay, the merchant gets paid in local currency and sees a normal Visa transaction. Cross-currency purchases convert at the Visa exchange rate plus a 1% Visa International Service Assessment — a Visa network fee, passed through, not a peanut fee. Nobody downstream needs to know or care what funded the card.
How we built it
Your stablecoins live in your own passkey-controlled smart wallet on Arbitrum — peanut never holds your money. To make card payments instant, only up to your card limit is parked in a dedicated collateral contract with two keys: yours and Rain's, our card issuer. Everything above the limit never leaves your wallet. Money leaves collateral in exactly two ways: it pays for a purchase you made with your card, or it goes back to your wallet — and going back needs your key (your passkey) plus Rain's co-signature. Rain cannot send your money anywhere else.
Short version: two pipes — inbound auto-balance and outbound withdrawals — both anchored to your passkey. It runs silently. Your card just works. We'll write up the full engineering story in a follow-up post — the bugs that were embarrassing in retrospect, the merchant edge cases we now have tests for, the reason a $1 hotel pre-auth can hang around for two weeks.
How to get in
Three doors. Pick yours.
Three doors
- 1
Door 1 — skip the waitlist
Some users may be eligible to skip the waitlist. Sign in and check at peanut.me/shhhhh — eligible accounts go straight to identity verification.
- 2
Door 2 — join the waitlist
Join the waitlist. No payment, no stake, no buy-in. Access is released gradually in waves. Order matters. We'll holler when it's your turn.
- 3
Door 3 — once you're in
Complete identity verification, get your card, spend your first $100 on the card. We credit $10 to your balance — subject to eligibility and program terms. Bring a friend along — when they activate (identity verification + their own $100), you both get $10. Same terms apply. That's the only referral mechanic.
The waitlist is free now. It used to involve a stake. We pivoted because pushing money in before the user even gets the card was the wrong order of operations. The current order is: get in, get the card, fund it, spend, then unlock the reward.
Why we're going slow
We could open the gates to everyone today. We're not going to.
Closed beta — released gradually in small waves — for a reason: a card has to just work. A coffee shop at 8am with a queue behind you is not the place to find out your edge case wasn't tested. Slow releases let us catch the weird ones — the merchant who keeps a $1 pre-auth for 14 days, the gas station that overcaptures by 30%, the airline that adds incremental holds — before they become someone's bad morning.
We'd rather under-promise and over-deliver to a small group than blast the whole internet on day one. Word travels.
Eligibility
The card is subject to eligibility requirements, shown during signup. Identity verification is required for every cardholder. If you're not eligible yet, you can still join the waitlist.
FAQ
What's the peanut card?+
A virtual card funded by your stablecoin balance. Accepted wherever Visa is accepted. Top it up, pay, done.
Where does it work?+
Wherever Visa is accepted — in 150+ countries. Online, in-store contactless, manually added to Apple Pay and Google Pay.
Is my money safe?+
Your balance is yours. It lives in your own passkey-controlled smart wallet — peanut never holds your money. Only up to your card limit is parked in a collateral contract with two keys: yours and Rain's, our card issuer. It only ever moves to pay for your card purchases, or back to your wallet — and going back needs your key. We don't hold custody. We don't lend it out.
How do payment confirmations work?+
When a merchant asks for 3-D Secure, a one-time code arrives as a notification in the peanut app — use it to confirm and the payment goes through. No SMS codes, no email links.
What's the $10?+
A welcome reward. Identity verification + first $100 in card spend unlocks $10 to your balance — subject to eligibility and program terms. Same trigger whether you signed up yourself or got referred. If you referred someone, you also are eligible for $10 when they activate. Full terms are in the reward T&Cs in the app.
How long is the waitlist?+
The card is rolling out gradually in waves during closed beta. Order matters. Some users may be eligible to skip the waitlist — check at peanut.me/shhhhh.
Where can I get the card?+
The card is subject to eligibility requirements, shown during signup. Identity verification is required for every cardholder. If you're not eligible yet, you can still join the waitlist.
Any fees?+
No monthly fees. No annual fees. Cross-currency purchases convert at the Visa exchange rate plus a 1% Visa International Service Assessment — a Visa network fee, passed through, not a peanut fee. Standard fees and limits apply per the cardholder terms.
Which stablecoins can I top up with?+
Top up your peanut balance the way you do today — supported stablecoins on supported networks. The card is funded from the same balance.
The card is the part of peanut that finally works the same way wherever Visa is accepted. Up to now we've been bounded by local payment rails — useful inside specific markets, but the moment our users left, peanut stopped being useful exactly when they needed it most. The card extends a peanut balance into a payment wherever Visa is accepted.
