Stablecoins are a fundamental, permissionless way to hold and move dollars anywhere. They have become a necessity for hundreds of millions of people globally.
There are exporters in Istanbul’s Grand Bazaar who go to cash shops every week to source USD₮ so they can keep their earnings in a currency they trust. There are store owners in Buenos Aires that pay their staff in USD₮ because stablecoin rails are a faster means of payment than the Argentinian banking system. There are commodity traders in Dubai that use USD₮ for cross-border trade, and there are workers all over the world who remit money back to their families using stablecoins.
In every case, the dollar is the product, and so much of the world is desperate to access it.
The challenge with stablecoins today is there’s a lot of friction when using them. Many countries don’t have localized applications. People are stuck using generic crypto wallets. Converting between stablecoins and cash is difficult. Distribution is often reliant on centralized exchanges. Ultimately, the current interfaces for using internet-native money fall short.
Today, we’re announcing our solution to this set of problems with Plasma One, a stablecoin-native neobank and card.
The One App for Your Money
Plasma One is designed to give everyone, everywhere permissionless access to saving, spending, and earning in dollars, all in one application. It sets the benchmark for a global neobank, built natively for stablecoins.
- Spend while you earn: Pay directly from your stablecoin balance while earning 10%+ yields.
- Real rewards: Earn up to 4% cash back when you spend with any of our Plasma One cards, physical or virtual.
- Borderless coverage: Use your card in more than 150 countries at over 150 million merchants.
- Zero-fee USD₮ transfers: Send digital dollars instantly and for free to people and businesses on the app.
- Fast onboarding: Sign up, complete onboarding, and receive a virtual spending card in minutes, not days.
Why We’re Building This
Two reasons put Plasma One at the core of what we are building.
The first is distribution. Plasma One lets us put software directly into the hands of people who face financial exclusion. The core premise of the product is that most people around the world want to use digital dollars in a permissionless way at scale, but they face barriers. Plasma One lets us unlock global access to dollars and offer saving, spending, earning, and sending functions that are designed for the realities of local markets.
Our focus is directed towards the markets where dollars are most in demand. For example, in cities like Istanbul, Buenos Aires, and Dubai, USD₮ serves different and nuanced use cases. We speak with people, merchants, and businesses in these markets every week. Their feedback is consistent, namely that no matter how useful blockchain infrastructure can be for developers via strong APIs and SDKs, end users still need a product they can open, trust with their savings, and use in daily life. Plasma One is built to meet that demand directly.
The second reason we’re obsessed with Plasma One is we want to build technology that uses our own infrastructure. Plasma One is part of how we ensure that our onchain payments stack is the most usable and reliable in the world. By being our own first customer, we are able to test, scale, and expand our payments stack with a quick feedback loop. As we build Plasma One, it allows us to fully incorporate the entire Plasma universe into one application bringing our DeFi ecosystem, exchange integrations, and payment partners into a single app with best-in-class pricing and liquidity as well as a single, coherent user experience.
Over time, these same building blocks we create will be available to external teams. Institutions, wallets, and payment applications will be able to launch on Plasma with infrastructure that has already been tested and hardened under real demand. Our vertical approach across chain, tooling, and app lets us optimize end to end and gives others a proven foundation to build on.
The Vision Going Forward
Plasma One is the product that makes our team’s vision for global money real. It’s how we deliver universal access to core financial services.
Plasma’s strategy to accomplish this is simple. We’re going to build the most efficient rails in global finance because stablecoins are cheaper, faster, and more reliable than legacy alternatives. We’re going to onboard the best partners in the world by working to connect on-and-off ramps, FX providers, card networks, and banks all in one seamless interface. We’re going to create world class products with Plasma One setting the high watermark for a stablecoin neobank in terms of utility, coverage, and user experience.
The success case for Plasma One is a person in any country being able to download the app, access dollars, earn yield safely at the best rates, tap a card at a store, pay a friend instantly for free, and be assured that their money is always secure. Success is a developer choosing our payment infrastructure because it has been proven under global demand, not just in a demo.
What Comes Next
Plasma One is built to give everyone, everywhere permissionless access to the dollar and the financial system it unlocks. Access will roll out in stages so we can iterate quickly, ship new features, and scale to onboard billions. We are going to bring the world onchain through Plasma One.
If you want to help shape the first neobank built for a truly global financial system, please join the waitlist located on our website.
免责声明
Plasma One is a product of Chain Technologies Research (“Plasma”). Plasma is a financial technology company, not a regulated financial institution, bank or a money services business. The Plasma One Card is issued by Signify Holdings, Inc. pursuant to a license from Visa.
Plasma does not custody your assets. The stablecoin assets securing your Plasma One Card are owned and custodied by you. The value of any cryptocurrency, including stablecoin assets pegged to fiat currency, commodities, or any other asset, may go to zero. Stablecoin balances are not bank deposits.
Rewards and rates subject to change. Terms apply. Zero-fee USD₮ transfers refer to Plasma routes; third-party fees may apply. Geographic restrictions may apply.
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