Plasma Launches Stablecoin-Focused Neobank Plasma One
Plasma, a blockchain technology company, has launched Plasma One, a new stablecoin-native neobank. The platform combines a financial app with a card product. This launch comes ahead of Plasma’s $2 billion mainnet launch scheduled for September 25, 2025. The mainnet is expected to handle up to $2 billion in stablecoin deposits.
Plasma One acts as a consumer extension of the Plasma protocol. It aims to simplify stablecoin use in regions with high dollar demand and limited banking infrastructure. The card targets markets like Istanbul, Buenos Aires, and Dubai. These areas have strong demand for digital dollars but limited access to traditional financial services.
Features of Plasma One
- Annual returns above 10% on eligible stablecoin balances
- Up to 4% cashback with virtual and physical cards
- Fee-free USD₮ transfers within the platform
- Card accepted in over 150 countries
- Instant virtual card issuance after onboarding
The app combines decentralized finance (DeFi) features with traditional payment functions. It simplifies stablecoin access by integrating wallets, exchanges, and other services into one interface.
Built on Plasma’s Native Infrastructure
Plasma One is built vertically on the company’s native infrastructure. This allows integrated testing and ongoing optimization across payments, liquidity, and DeFi components.
In its official launch announcement, Plasma said it aims to “build the most efficient rails in global finance.” The firm views stablecoins as a scalable alternative to legacy financial systems. Plasma One combines saving, spending, and transfer tools in one platform to reduce barriers to dollar-based digital finance.
In the future, Plasma plans to open its infrastructure to external developers. Wallet providers, financial institutions, and fintech firms will be able to build stablecoin-powered applications on its production-ready foundation.
Integration with $XPL Token and Mainnet Launch
Plasma One also supports the broader ecosystem around $XPL, Plasma’s native token. The mainnet beta will launch on September 25, 2025. Plasma will release 10% of the token supply through a public sale. Additionally, 25 million tokens will be allocated to early depositors and 2.5 million to Stablecoin Collective members.
$XPL is used for governance, validator incentives, and network coordination. As Plasma expands into payments and commerce, the token will help drive stablecoin adoption and integrate digital dollars into everyday finance.
