Shutdown
Nov 2025Official website stated that Peg had shut down and the app was no longer available for download.
SourceThe super simple stablecoin wallet with free transactions
Company research
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Overview
Peg (formerly Paymobil) was a San Francisco-based, YC W20 stablecoin wallet and cross-border payments app that let users send money to email addresses or phone numbers using USDC/USDT on Polygon and Base. The service was operated by Mutiny Payments Inc. and officially shut down on 2025-11-30. Public funding sources disagree on whether the early financing should be described as a $150k seed or a $500k convertible note, so I list both public records and leave total raised unresolved.
Primary product
Self-custodial stablecoin wallet for free global payments and money transfers to email/phone numbers.
Founded
2020
Headquarters
San Francisco, California, United States
Team size
1-10
Industry
Financial Services
Sub-industry
Stablecoin wallet / crypto payments
Open Positions
0 jobs at Peg (formerly Paymobil)
No open positions
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