The recently launched Tether-backed, purpose-built layer-one (L1) blockchain for stablecoins, Plasma, announced Plasma One on September 22—a super-app that is a stablecoin-native neobank and card. Both the Plasma network and the super-app will have their operations centered around USDT initially. According to the official announcement, users will be able to “pay directly from stablecoin balance while earning 10%+ yields.” Other announced benefits include 4% cash back while using Plasma One cards, coverage ...