Hi there! I’m excited to introduce you to UGLYCASH, a new kind of financial app that your bank probably won’t offer. UGLYCASH is an American fintech platform built around a stablecoin (digital dollar) called eUSD.
With UGLYCASH, you get a USD-based account that pays high rewards on your balance, lets you send money worldwide for free, and even comes with a Visa debit card for spending anywhere. It’s like having a global bank in your pocket, but one that actually rewards you for using it.
In this guide, I’ll explain what UGLYCASH is, how it works, and its key features in simple terms. By the end, you’ll see why UGLYCASH is turning heads in the world of remittances and digital banking. Let’s dive in!
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Table of contents
UGLYCASH is a financial services app (available worldwide) that gives you a digital US dollar account powered by stablecoins. Think of it as a mobile banking app where your money is held as a cryptocurrency called eUSD, which is always equal to 1 USD.
Unlike a traditional bank, UGLYCASH isn’t actually a bank; it’s a fintech platform, but it offers many bank-like services globally. You can deposit money (in various currencies or crypto), hold it as eUSD, earn high interest on it, send/receive money with others instantly, and spend it with a Visa card.
The company behind UGLYCASH, Best Friend Finance, LLC, emphasizes transparency and security: every eUSD in your balance is 100% backed by real assets and verifiable on-chain.
In short, UGLYCASH is an alternative to banks and costly remittance services, using stablecoin technology to empower people financially around the world.
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How Does UGLYCASH Work?
UGLYCASH’s magic lies in converting your money into eUSD stablecoins and leveraging crypto infrastructure behind the scenes (don’t worry, you don’t need crypto experience to use it!). Here’s a simple rundown of how it works:
Deposit funds
You can load money into UGLYCASH in multiple ways: via a local bank transfer, via international wire, or by depositing cryptocurrencies like USDT, USDC, Bitcoin, or Ethereum.
UGLYCASH even provides you with local account details – e.g., a U.S. routing and account number, a European IBAN, or a Mexican CLABE – to make deposits easy in different regions.
If you deposit fiat currency, UGLYCASH will automatically convert it to eUSD stablecoins in your app balance. If you deposit crypto, that crypto can be sold within the app for eUSD and then credited.
All funds end up as eUSD in your account, so your balance is held in stable USD value.
Stablecoin balance (eUSD)
(1 eUSD ≈ 1 US dollar).
This stablecoin is issued via the Reserve Protocol and is fully backed by real USD collateral (USDC & USDT tokens held in secure DeFi protocols).
UGLYCASH operates on a “Proof of Reserves” model, meaning for every eUSD you have, there’s an actual eUSD token backed by assets in a transparent smart contract.
They don’t lend out your money or do fractional banking; the funds are always there and redeemable. This is a big difference from banks, which lend out deposits; UGLYCASH keeps your stablecoins fully reserved at all times.
Earning rewards.
That’s extremely high compared to traditional banks. The app shows your reward rate, and your balance grows in real-time every day as interest accrues.
Sending and receiving.
If your family or friends also have UGLYCASH, you can send them money (eUSD) instantly through the app without fees or delays. It’s like sending an email – super fast.
This feature makes UGLYCASH fantastic for remittances: for example, someone in the U.S. can send $100 to a family member in Latin America through UGLYCASH, and it arrives as eUSD in seconds with no transfer fee.
The recipient can then cash out that balance in whatever way suits them. UGLYCASH basically bypasses the expensive wire services by using stablecoin transfers under the hood.
Spending with the UGLYCASH card.
UGLYCASH issues a Visa prepaid debit card that links to your eUSD balance.
You can get a virtual card instantly in the app (and order a physical card if you want). This card lets you spend your eUSD at any store or online site that accepts Visa.
When you make a purchase, UGLYCASH automatically converts the needed amount of eUSD into the local currency for the merchant.
You can also withdraw cash at ATMs using the card. Essentially, the card turns your UGLYCASH balance into spendable money worldwide, bridging the gap between crypto and everyday life.
Withdraw funds
In some countries like El Salvador, UGLYCASH even partners with local retail networks (like PuntoXpress) to let users deposit/withdraw cash in person with no fees.
And of course, you can always spend down your balance with the Visa card as another way of “withdrawing” value (by purchasing goods or pulling cash from an ATM).
All of this is managed in one app interface. UGLYCASH basically combines crypto wallets, a high-yield savings account, a remittance tool, and a debit card into one service. Now, let’s break down each major feature in more detail.
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