Is MobileCoin profitable in 2026?

No audited revenue or profitability figures for MobileCoin exist. The company has raised no new funding since its August 2021 Series B, and its MOB token traded around $0.08 to $0.09 with a market cap in the low single-digit millions as of July 29, 2026, far below its 2021 $1.06 billion valuation.

Did MobileCoin raise new funding recently?

No. MobileCoin's last confirmed funding was a $66 million Series B equity round in August 2021 led by Alameda Research, Coinbase Ventures, Berggruen Holdings, BlockTower Capital, Vy Capital and Marc Benioff's TIME Ventures, bringing total funding to $107 million. No new round has been reported since.

What happened to MobileCoin's Signal integration?

MobileCoin's payments feature rolled out inside Signal starting April 2021, reaching Signal's tens of millions of users, but usage was never disclosed. A July 7, 2026 crypto press retrospective describes it as never gaining meaningful traction outside niche circles and 'widely seen as a miss.'

Who competes with MobileCoin's Sentz app?

Sentz competes for cross-border remittance users against Chipper Cash, Wise, and Raenest, and its eUSD stablecoin depends on collateral from Circle's USDC and Tether's USDT. As of July 28, 2026, JPMorgan, Bank of America, Citigroup and Wells Fargo are building a rival tokenized-deposit network via The Clearing House, targeting 2027.

Is MOB token still traded on major exchanges?

MOB was delisted from Binance effective April 3, 2024, citing standard delisting-criteria language. As of Coinbase data dated July 29, 2026, MOB still trades on roughly 38 markets at around $0.08 to $0.09 with a market cap in the low single-digit millions.

Could AI replace what MobileCoin does?

MobileCoin's core send-money workflow is not directly AI-vulnerable, but the compliance and transaction-monitoring layer it built with partner Elliptic since April 2024 overlaps with functions increasingly automated by AI-driven fintech compliance tools, making that layer commoditizable industry-wide.

United States · United States

MobileCoin

Sentz (formerly MobileCoin) runs a privacy-focused stablecoin wallet for cross-border payments.

Little protection left

Assessed 30 July 2026 · Evidence as of 30 July 2026

Not much stands between this business and its pressures.

On the recordSince 30 July 2026 · Checkable from 2027 · Every call on the record Checkpoint: The Clearing House bank consortium's tokenized-deposit network launch

The call

MobileCoin's Sentz wallet survives on a shrinking team and stale 2021 valuation while banks and stablecoin issuers build the same remittance rails.

MobileCoin (now operating as Sentz) built software to send money across borders privately using cryptography, but it never gained real traction. The company is running out of cash, its team has shrunk from dozens to about ten people, and it has not raised new funding since 2021. Bigger competitors like JPMorgan, Bank of America, Citigroup, Circle (which runs USDC), and remittance specialists like Wise and Chipper Cash are now building the same cross-border payment systems with far more money and existing customer bases, and there is nothing stopping customers from using them instead. The one thing that could matter: if the major U.S. banks launch their tokenized-deposit network by 2027 as planned, MobileCoin would have almost no reason to exist, since banks could offer the same service with their own brand and trust.

Why

AI pressure: None apparent. AI is not the pressure here; the risk comes from bigger banks and stablecoin rivals, not automation. Could AI do the core job? Yes, likely.

Bigger players: JPMorgan, Bank of America, Citigroup and Wells Fargo's Clearing House tokenized-deposit network, plus Circle's USDC. Big banks plan a 2027 tokenized-deposit network, and Circle/USDC already dominate the stablecoin rails Sentz's eUSD depends on. Could a giant copy it? Yes, easily.

What protects it. A self-custodial, phone-number-based wallet with sub-5-second, near-free transfers keeps a small niche of privacy-minded remittance users.

What would change this call

The Clearing House bank consortium launches its tokenized-deposit network on or near the 2027 target. Would remove the last reason a remittance corridor routes through MobileCoin instead of major banks directly.
MOB token faces another exchange delisting beyond Binance (2024) and the reported Tokocrypto restriction (2026). Would show regulatory pressure under GENIUS Act continuing to erode MobileCoin's market access.
MobileCoin/Sentz announces a new priced funding round or a named distribution partner in a specific remittance corridor. Would indicate the company found fresh capital or real distribution after no funding since 2021.

Key numbers

MOB token market cap now low single-digit millions (2026-07-29)
2021 Series B equity valuation was $1.06B (2021-08-18)
Binance delisted MOB token (2024-04)

Named risks

No new funding since August 2021 while capital-intensive remittance competition intensifies. Severity: high
Further exchange delistings following Binance's April 2024 removal of MOB. Severity: high
GENIUS Act stablecoin reserve and disclosure requirements raise compliance costs for eUSD. Severity: medium
eUSD collateral depends entirely on Circle's USDC and Tether's USDT with no independent backing. Severity: medium
Flagship Signal distribution channel described in 2026 press as having failed to gain traction. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
JPMorgan, Bank of America, Citigroup, Wells Fargo (The Clearing House)	gaining on	Building shared tokenized-deposit network for cross-border settlement, targeting 2027 launch, per Forbes July 28, 2026
Circle (USDC) and Tether (USDT)	contesting	MobileCoin's eUSD stablecoin is collateralized by a basket of USDC and USDT, per Cryptoassets wiki, December 17, 2025
Chipper Cash, Wise, Raenest	gaining on	Compete directly for cross-border remittance corridors including Nigeria that Sentz targets
Binance	losing to	Delisted MOB effective April 3, 2024, citing standard delisting criteria

Questions people ask

Is MobileCoin profitable in 2026?: No audited revenue or profitability figures for MobileCoin exist. The company has raised no new funding since its August 2021 Series B, and its MOB token traded around $0.08 to $0.09 with a market cap in the low single-digit millions as of July 29, 2026, far below its 2021 $1.06 billion valuation.
Did MobileCoin raise new funding recently?: No. MobileCoin's last confirmed funding was a $66 million Series B equity round in August 2021 led by Alameda Research, Coinbase Ventures, Berggruen Holdings, BlockTower Capital, Vy Capital and Marc Benioff's TIME Ventures, bringing total funding to $107 million. No new round has been reported since.
What happened to MobileCoin's Signal integration?: MobileCoin's payments feature rolled out inside Signal starting April 2021, reaching Signal's tens of millions of users, but usage was never disclosed. A July 7, 2026 crypto press retrospective describes it as never gaining meaningful traction outside niche circles and 'widely seen as a miss.'
Who competes with MobileCoin's Sentz app?: Sentz competes for cross-border remittance users against Chipper Cash, Wise, and Raenest, and its eUSD stablecoin depends on collateral from Circle's USDC and Tether's USDT. As of July 28, 2026, JPMorgan, Bank of America, Citigroup and Wells Fargo are building a rival tokenized-deposit network via The Clearing House, targeting 2027.
Is MOB token still traded on major exchanges?: MOB was delisted from Binance effective April 3, 2024, citing standard delisting-criteria language. As of Coinbase data dated July 29, 2026, MOB still trades on roughly 38 markets at around $0.08 to $0.09 with a market cap in the low single-digit millions.
Could AI replace what MobileCoin does?: MobileCoin's core send-money workflow is not directly AI-vulnerable, but the compliance and transaction-monitoring layer it built with partner Elliptic since April 2024 overlaps with functions increasingly automated by AI-driven fintech compliance tools, making that layer commoditizable industry-wide.

Timeline

2026-07-28Forbes reports JPMorgan, BofA, Citi, Wells Fargo building rival tokenized-deposit network, targeting 2027 launch
2026-07-07Crypto press retrospective calls Signal-MobileCoin payments integration a widely seen miss
2024-03-20Binance announces MOB delisting, effective April 3, 2024
2023-11-14MobileCoin rebrands consumer product from Moby to Sentz
2023-09-13Co-founder Sara Drakeley becomes CEO; Henry Holtzman named CTO
2022-10-10MobileCoin launches eUSD stablecoin with Reserve, targeting remittance users
2021-08-18MobileCoin closes $66M Series B, total funding $107M, $1.06B valuation
2021-04-05Signal begins testing MobileCoin payments integration with UK users
2018-05MobileCoin raises about $29.7M token sale led by Binance Labs

Revision history

30 July 2026

First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.

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