Plasma Launches Stablecoin-Focused Neobank Aiming at Emerging Markets

Plasma has introduced Plasma One, a neobank focused on stablecoins to improve usability for digital dollar transactions.

• Targets seamless saving, spending, and earning in stablecoins.
• Aims to resolve existing user experience issues with stablecoin interfaces.
• Offers features like card payments with rewards, zero-fee USDT transfers, and fast onboarding.
• Built on Plasma’s proprietary blockchain and payment infrastructure.
• Focuses on emerging markets to provide access to digital dollars.
• Mainnet beta launch scheduled for September 25, with phased expansion.

CEO Paul Faecks highlights the aim to offer permissionless financial services to those facing exclusion.