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 ...

Plasma, a blockchain startup building stablecoin infrastructure, has launched Plasma One, a neobank designed to make using digital dollars as simple as cash. Fresh off a 7x oversubscribed ICO with $373 million in investment commitments, and with billionaire investor Peter Thiel among its early backers, Plasma is positioning itself as a one-stop shop for saving, spending, and sending stablecoins. “The dollar is the product, and most of the world is desperate to access it,” said Paul Faecks, CEO of Plasma, ...

Plasma has launched Plasma One, the first neobank built entirely around stablecoins, aiming to make saving, spending, and earning in digital dollars seamless, the company said in a press release Monday. The platform is designed to fix what the company calls a broken user experience for stablecoin holders, who often face clunky interfaces, limited local options, and friction when converting to cash. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They ...