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London – 22 September 2025 – Plasma, the layer 1 building the stablecoin infrastructure
for a new global financial system, today announced the launch of Plasma One, the first
stablecoin-native neobank. Built to give everyone permissionless access to the dollar,
Plasma One makes saving, spending, and earning in dollars simple, reliable, and available
in one place. The platform addresses the broken interfaces and fragmented experiences
that have limited stablecoin adoption and usability for people everywhere.
While hundreds of millions of people already use stablecoins out of necessity rather than
speculation, existing interfaces remain broken, applications lack proper localization, and
there is friction converting to cash. Distribution has also traditionally relied on centralized
exchanges, generic crypto wallets, and fragmented cash networks. Plasma One changes
this by delivering a vertically integrated neobank experience designed for real-world use
cases in emerging markets where dollar access is most critical.
"The dollar is the product, and most of the world is desperate to access it. Stablecoins
provide a fundamental, permissionless way to hold and move dollars anywhere," said
Paul Faecks, CEO of Plasma. "Plasma One is our answer to the distribution problem as it
puts us directly in the hands of people who face financial exclusion, delivering
permissionless access to saving, spending, earning, and sending digital dollars."
Plasma One offers comprehensive financial services through a single application:
● Spend while you earn: Pay directly from stablecoin balances while earning 10%+
yields.
● Real rewards: Earn up to 4% cash back with Plasma One cards, physical or virtual.
● Borderless coverage: Use cards 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.
The launch represents Plasma's vertical approach across chain, tooling, and app, owning
the complete stack from blockchain infrastructure and payment tooling to end-user
applications. By serving as its own first customer, Plasma ensures every component of its
payments stack is tested, scaled, and expanded with the quickest feedback loop.
Plasma One will initially focus on markets where dollars are most in demand, with
localized execution including on-the-ground teams, local language support, andintegration with peer-to-peer cash networks. This approach directly supports Plasma's
goal of making Plasma USD₮ the new global liquidity pool by attracting deeper liquidity
and stronger partners through real-world usage.
"Infrastructure alone is not enough. APIs and SDKs may empower developers, but people
still need a product they can open, trust with savings, and use in daily life," shared Murat
Firat, Head of Product at Plasma. "Plasma One is built to meet that demand directly."
The launch of Plasma One comes in the lead up to Plasma’s mainnet beta launch on
September 25th.
Access will roll out in stages to enable rapid iteration, ship new features, and scale to
onboard billions of people globally.
About Plasma
Plasma is an L1 blockchain building the stablecoin infrastructure for a new global financial
system. It is purpose-built for global stablecoin payments, offering zero-fee USDT
transfers, custom gas tokens, and confidential payments to help realise the stablecoin
promise of permissionless access to financial services for everyone. With $2.5B+
stablecoin TVL at launch, Plasma’s global payments coverage and inbound suite of
products position it as the native chain for stablecoin payments.
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