Now: testnet (September – October 2026)
Built during Monad Metropolis.- Credit line contract: modular UUPS proxy, lender pool, collateral in a yield vault, card hold, one identity per account, score and limit, defaults. Verified on Monad testnet
- Over 100 Foundry tests at 100% coverage, invariant tests, Slither in CI
- Gasless sends (ERC-3009) and one-transaction repayments (permit)
- Envio indexer: history, public record page, daily reconciliation
- Backend live: KYC with Didit, payments with Xendit, relayer, API with Swagger
- Ringgit in through Xendit Malaysia (FPX, DuitNow), rupiah in and out through Xendit Indonesia
- Landing site at matocard.xyz and these docs at docs.matocard.xyz
- Passkey app (PWA)
- User testing with at least five Indonesian workers in Malaysia and their families
Next: mainnet
- Real yield: move collateral from the testnet mock to earnAUSD.
- Issuer-side fiat: Agora’s Routes API to mint and redeem AUSD directly against fiat, removing Matocard’s own treasury float.
- Governance: the admin key behind a multisig and a timelock long enough for users to repay and leave.
- Third-party audit of the contracts.
- Licensed partners for the card and the remittance legs.
Later
- A real card: a physical and virtual card through a licensed issuer. Today the card number is visual only.
- Passkey recovery: rebind a verified identity to a new account after a waiting period.
- A credit passport: the record read directly by partner banks and other protocols.
- More corridors beyond Malaysia → Indonesia.
- Native app and WhatsApp notifications.
- Collateral options: rebalancing across vaults, collateral from other chains.