Gloyo
Gloyo is a stablecoin-powered digital banking platform that lets users open USD and EUR accounts without residency requirements, send money globally, and spend via virtual cards or QR payments. The platform offers non-custodial wallets, gasless transactions, and yields up to 4% on stablecoin balances, with support for local payment rails across Southeast Asia.
- Blockchain & Cryptocurrency
- Financial Technology
- Software Only
Funding
Founders
Product
Problem
Traditional banking services often require local residency, impose high fees for cross-border transfers, and settle transactions slowly. Additionally, stablecoin users lack convenient ways to spend their digital assets in everyday scenarios, such as in-store purchases or online shopping, without converting back to fiat currency.
Solution
Gloyo provides a comprehensive stablecoin-based banking platform that enables users to open global USD and EUR accounts without residency requirements. The platform offers multi-currency accounts, instant global transfers, virtual debit cards, and QR code payments at millions of merchants across Southeast Asia. Users can earn up to 4% yield on their stablecoin balances, with a Shariah-compliant option available. The non-custodial wallet, powered by Coinbase Embedded Wallet technology, ensures users maintain full control of their funds while enjoying gasless transactions and bank-level security.
Target Audience
Primary customers include global citizens, digital nomads, freelancers, and unbanked populations who need borderless banking solutions, as well as crypto users seeking practical ways to spend stablecoins in everyday transactions.
Features
- Multi-currency stablecoin accounts supporting USD, EUR, GBP, AED, HKD, IDR, and PHP with no residency required
- Instant global transfers with real-time settlement and savings of up to 2.5% compared to Wise
- Virtual debit cards funded by stablecoins, accepted anywhere Mastercard is accepted worldwide
- QR code payments via PromptPay, QRPH, VietQR, and QRIS across millions of merchants in Southeast Asia
- Non-custodial multi-stablecoin wallet supporting USDC, EURC, IDRX, PHPX, and BRZ with self-custody keys
- Gasless on-chain transactions eliminating network fees for transfers and payments
- Yield generation up to 4% APY backed by US Treasuries, with halal profit-sharing option
- Local bank account details for deposits and withdrawals in 170+ countries, bridging stablecoins with traditional finance