The Bitfinex-backed Plasma blockchain announced the launch of "Plasma One," the world's first new digital bank (neobank) centered around stablecoins. Offering everything from high-yield deposits and fee-free transfers to consumer rewards, it will become a digital dollar gateway for users worldwide.
Looking at global demand for US dollars: Plasma One becomes a one-stop stablecoin bank
The Plasma One announcement notes that the launch of Plasma One addresses the urgent global demand for the US dollar. Whether export traders, brick-and-mortar businesses, or international remittance users, hundreds of millions of people rely on USDT for payments, savings, and cross-border transactions.
However, the current situation still faces pain points such as fragmented applications, limited currency exchange channels, and inconvenient deposits and withdrawals. Therefore, the "one-stop stablecoin bank" Plasma One was born to address this problem.
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Plasma One Feature Highlights: From deposit income to consumption rewards, all in one place
Plasma One is a "one app" solution for all dollar needs. Features include:
Zero-fee transfers: Instant and free transfers of USDT within the Plasma network
High-yield deposits: Users can earn over 10% annualized returns while spending
Consumption rewards: Use virtual or physical cards to spend, and you can enjoy up to 4% cash back based on your level.
Global acceptance: The card can be used in 150 countries and 150 million merchants where Visa is accepted
Quick account opening: You can complete registration and obtain a virtual card in just a few minutes, and use it immediately
Interested readers can first fill in their email address on the official website https://one.plasma.to/ to join the waiting list.
Plasma: Infrastructure alone is not enough, product implementation is key
Murat Firat, product lead for Plasma, pointed out that on-chain infrastructure alone is not enough to promote the adoption of stablecoins; vertically integrated, consumer-oriented applications are also needed:
Users not only need powerful APIs and SDKs, they also need an app that allows them to save with peace of mind and use it daily.
Therefore, Plasma One is not just a simple financial tool, but also a digital financial portal that integrates DeFi protocols, banks, and payment partners into a single and coherent experience.
Plasma Mainnet and Native Token XPL Launch Soon
The announcement of Plasma One coincides withthe launch of the Plasma mainnet beta on September 25th. This coincides with the upcoming launch of the native XPL token, which has an estimated fully diluted valuation (FDV) of approximately $8.4 billion on the Hyperliquid pre-market futures market.
In May of this year, Plasma raised $50 million with a $500 million FDV. The Plasma USDT lock-up product launched in cooperation with Binance was quickly filled up, which shows that the crypto community is looking forward to it.
From Application to Vision: Building a Global Digital Dollar Gateway
Officials emphasize that the future financial network will be driven by stablecoins, which are cheaper, faster, and more reliable than traditional finance. Plasma One is the first consumer product to realize this vision, transforming the global demand for a digital dollar into a practical, everyday tool.
Today, Plasma aims to elevate stablecoins from infrastructure to mainstream consumer finance, challenging the traditional financial system as a new type of bank. With the launch of mainnet and token, the global financial race driven by stablecoins is in full swing.
The article Plasma One builds the first stablecoin digital bank, with countdown to mainnet and XPL token launch first appeared in ABMedia ABMedia .
