The first Neobanco focused on stablecoins arrives to revolutionize access to the dollar: Plasma One
By Hannah Pérez
Plasma, the Blockchain L1 network backed by Tether, presented what calls Stablecoins the first native Neobanco. It will focus on emerging markets such as Argentina in its launch and includes its own card.
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- Plasma, the Blockchain network backed by Tethher, presented what calls the first Neobanco of Stablecoins.
- Plasma One seeks to transform the way people access, save and spend digital dollars.
- It will initially focus on emerging markets such as Argentina, with access to your own card.
- The Beta Mainnet version of the Plasma Blockchain will be released this week, along with its Token Xpl.
Plasmaa project Blockchain backed by Bitfinexannounced on Monday the launch of Plasma Onewhich describes how the first neobonco of the world built natively to Stablecoinsand a card that complements the platform.
This initiative, which seeks to transform the way people access, save and spend digital dollars, arrives days before the launch of the beta version of their mainnet and the issuance of their native token XPL, according to an official statement of the company.
Plasma One: A Neobanco designed for Stablecoins
Plasma One It is presented as an integral solution for users that depend on Stablecoins –a type of Token Digital linked to fiduciary assets such as the US dollar–but that face access difficulties due to complicated interfaces and limited options for cash conversions.
The platform offers USDT transfers without cost within the network of Plasmacard payments that include rewards of up to 4% refund, and a rapid incorporation that allows to obtain a virtual card in minutes.
Plasma He says that he is focusing his new product in emerging markets where access to the dollar is critical, such as Istanbul, Buenos Aires and Dubai, where Stablecoins They are already used by merchants, workers and companies for international payments and remittances.
“The dollar is the product, and much of the world is desperate to access it”said Paul Faecks, CEO of Plasmain the press release. “Plasma One is our response to the distribution problem, putting access to digital dollars directly in the hands of those who face financial exclusion”
A growth context for stablecoins
The launch occurs at a time of boom for the stablecoins, whose total supply is close to 280 billion dollars. With regulations such as the Genius Act in the US, which promotes a favorable legal framework, the sector is expected to reach 2 billion dollars by 2028, according to projections cited by The Block.
In addition, a report of Ey-Parthenonmentioned by COINDESKpoints out that Stablecoins could represent between 5% and 10% of cross -border payments by 2030, with a volume of between 2.1 and 4.2 billion dollars.
Plasma One Seek to capitalize on this trend offering an optimized user experience. “Infrastructure is not enough”, Said Murat Firat, product manager of Plasmain statements to The Block. “A vertically integrated product is needed to boost daily use. ”
On the eve of plasma launch
Neobanco not only points to end users, but also strengthens payments infrastructure Plasma –A new network Blockchain of layer 1 focused on Stablecoins which will be free of commissions for operations with USDT.
The network Blockchainexpected Lance in Beta Mainnet on September 25integrate more than 100 applications and will have an initial liquidity of USD $ 2 billion in Stablecoins At the time of your debut, according to reports from The Block. An alliance has also been secured with Binance For a “blocked product” of USDT that has found a rapid demand for users.
When developing Plasma Onethe company uses its own Blockchain To guarantee rapid and reliable transactions, which, according to the statement, will allow third parties, as institutions and other applications, take advantage of this proven infrastructure.
Besides, Plasma One It is launched together with the Native XPL token, which will debut with the Mainnet Beta, which was reported reached implicit values of between 4.5 and 7.6 billion dollars in previous markets, according to data from Hyperliquid. The company previously raised $ 50 million in July and said USD $ 373 million in commitments during a 10 -day sale.
Focus on emerging markets
Plasma One Prioritize markets where access to the dollar is limited, using local equipment and pairs cash networks to encourage adoption. “We talk to people, merchants and companies in these markets every week”Indicates the statement of Plasma. “Their comments are consistent: they need a reliable product to save and use in daily life. ”
The Neobanco promises yields greater than 10% in Stablecoinscoverage in more than 150 countries and acceptance in 150 million businessesaccording to the official announcement. The implementation will be gradual, with limited initial access to quickly iterate and climb to billions of users.
“Our strategy is simple: build the most efficient rails in global finance, connect world -class partners and create exceptional products”, Said Plasma in his statement. The vision is that anyone, in any country, can download the app, access digital dollars, obtain competitive yields, pay instantaneously and keep their money safe.
Article written with the help of AI, edited by Diariobitcoin
Edited image, generated with a photo of Unspash
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