Plasma One Neobank to Launch Post-Mainnet Beta
- Plasma’s stablecoin-optimized layer-1 blockchain will hit “mainnet beta” on September 25.
- The new neobank, Plasma One, will offer a card providing up to 4% cashback and over 10% yield on stablecoin balances.
- Users can load the card with stablecoins like USDT and use it in more than 150 countries.
- Plasma attracted $1 billion in pre-deposits and raised $24 million in seed and Series A funding.
- Key supporters include Tether CEO Paolo Ardoino and PayPal co-founder Peter Thiel, who also serve as advisors.
Plasma is launching its neobank, Plasma One, following the mainnet beta of its stablecoin-centric blockchain on September 25. The card will offer significant benefits like cashback and high yields on balances, aiming to enhance financial inclusion through decentralized finance solutions.
With the backing of influential figures in the crypto industry, Plasma’s new offerings are poised to provide substantial financial benefits through innovative use of stablecoins and DeFi technology (Source)
