Is Vibrant a bank?

Vibrant is a digital wallet that works with stablecoins.

Vibrant operates with Latamex, our partner in Argentina, which facilitates transfers from your bank account. With the Vibrant app, you can create an account and transfer pesos via Stablex to buy USDC without restrictions*. Each USDC is backed 1 to 1 by the dollar. The dollars backing the USDC are deposited in a US bank, and the account is insured by the US government.

The Vibrant app is 100% digital, with access 24 hours a day, 7 days a week, from your mobile device. You can sell USDC and withdraw your funds at any time. You can also send USDC to anyone in the world without paying any fees**.

Vibrant is powered by Stellar.

* Transfers for more than $2.000.000 per day and $5.000.000 per year, may be subject to more rigorous identity verification procedures (KYC) to enhance security and help prevent fraud

** The Vibrant app does not charge any fees or commissions when you buy stablecoins or make a withdrawal (government taxes may apply to transactions).