# UGLYCASH > Your bank won't do this UGLYCASH is a stablecoin based financial services platform. It provides cross-border payments, virtual dollar accounts, and yield-bearing balances mainly for users in Latin America. UGLYCASH is a financial services company that offers a mobile app for holding, sending, and spending money through stablecoin backed dollar balances. It provides virtual U.S. dollar accounts, no fee cross border transfers, and a payment card, targeting individuals who move money between the United States and Latin America. The platform positions itself as an alternative to traditional bank accounts rather than a bank itself. The app converts incoming funds into stablecoins, allowing recipients to access dollars quickly for local cash out or in app spending instead of waiting on conventional bank transfers. Balances held on the platform can generate yield, and users can also trade a range of onchain assets from a single balance. UGLYCASH operates under a compliance program that includes registrations and licenses across the jurisdictions it serves, and it states that customer investment assets are held in self custody. Core offerings include the consumer app for everyday payments and savings, a business product offering dollar and euro accounts for international companies, and a rewards linked payment card. The service is used by individuals sending remittances, freelancers and businesses receiving international payments, and users seeking dollar denominated savings outside the traditional banking system. - Type: Company - Sector: Payments - Status: Active - Founded: 2021-12-01 - Profile: https://thegrid.id/profiles/uglycash ## Products - [UGLYCASH App](https://thegrid.id/profiles/uglycash): UGLYCASH is a neobank application that lets users hold, spend, and move money through a stablecoin-based account. It converts deposited funds into stablecoins and pays yield on balances, while a cashback Visa card enables everyday spending and in-app purchases convert between fiat and crypto. Users can also send cross-border remittances and access a non-custodial trading feature to trade assets across multiple blockchains and follow other traders' positions from a single balance. (Neobank, Live, Main Product) ## Links - [Main](https://ugly.cash) - [Terms of Service](https://legal.ugly.cash) - [Privacy policy](https://legal.ugly.cash/privacy-policy) - [Instagram](https://instagram.com/ugly.cash) - [LinkedIn](https://linkedin.com/company/uglycash) - [Reddit](https://www.reddit.com/r/UGLYCASH) - [TikTok](https://www.tiktok.com/@ugly.cash) - [YouTube](https://www.youtube.com/@getuglycash) ## Legal This data is provided under two licensing models. Model 1 - open data. 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