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Crypto startup Plasma launches stablecoin neobank with Visa card and XPL rewards.

Protocol Fundamentals
17 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Plasma, a crypto banking startup backed by Peter Thiel, has launched Plasma One, a neobank focused on stablecoins that integrates blockchain infrastructure, payments, and banking services into one app. The platform allows users to deposit stablecoins or fiat, send fee-free cross-border transfers, earn yield, and spend via a digital Visa card, with rewards in the XPL token. Plasma aims to simplify stablecoin adoption by unifying wallets, exchanges, and payments into a seamless experience. During its private beta, Plasma One attracted 5,000 weekly active users, and the company plans to expand its services for consumers and businesses soon.

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