Peg (formerly Paymobil)

Inactive

The super simple stablecoin wallet with free transactions

Winter 2020Founded 20202 peopleSan Francisco, CA, USA; Remote

www.peg.money ↗X ↗See on the Idea Map Fintech momentum

About

Peg is a global bank account replacement using stablecoins. We make it possible to send money to any email or phone number in the world in seconds. We have taken all the friction out of the current terrible UX with crypto p2p payments and made it better than regular consumer products like Venmo and Square Cash. Unlike those it works across borders and can launch globally due to our non-custodial architecture. Peg was the first self-custodial stablecoin focused wallet, launched early 2020.

From their website

as of Jun 7, 2026www.peg.money ↗

MarketplaceFree

Peg was a stablecoin wallet focused on easy transfers and free USDC transactions on Polygon. It allowed sending money to emails or phone numbers globally and positioned itself as a simple, accessible wallet solution.

The product provided a stablecoin wallet experience with free USDC transactions on the Polygon network and built-in capabilities to send money to recipients via email or phone number. It emphasized ease of use and global transfers, operating as a wallet interface for stablecoins.

Who it’s for: Individuals seeking a simple, low-friction way to send and receive stablecoins globally via a wallet app, particularly those using USDC on Polygon.

Features

free USDC transactions on Polygon
send to email or phone number
global transfers in seconds
easy-to-use stablecoin wallet
stablecoin wallet for USDC

Shutdown announced (as of Nov 30, 2025) with app no longer available for download; funds should be migrated

Founders · 1

Daniel NordhFounder

Coinbase

CEO at Peg (formerly Paymobil) - A global bank account replacement using stablecoins. Previously Lead Design at Coinbase & Pinterest Founder of Curator (acquired by Pinterest). Architect for London, Label manager (Little Dragon, Studio)

LinkedIn ↗X ↗

Launch

Launched on Y Combinator · Dec 2022

View launch post ↗

The super simple stablecoin wallet with free transactions

Paymobil announces Paymobil 2.0, a self-custodial stablecoin wallet for USDC on Polygon with free, instant transactions. It targets users needing simple cross-border USD exposure and payments, offering auto cloud backups, biometric protection, ENS support, and new onramps (including Coinbase, cards, bank transfers) plus local currency options in Argentina.

From the original launch (Dec 2022) — may be outdated.