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Plasma Profile picture
@PlasmaFDN
Sep 22 • 4 tweets • 1 min read • Read on X
Introducing Plasma One: the one app for your money.
Visit the Plasma One website for more information.

one.plasma.to
Learn more about Plasma One and how it fits into our vision in our blog post.

plasma.to/insights/intro…
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More from @PlasmaFDN

Plasma Profile picture
Sep 9
The global dollar market is the largest opportunity in the world and demands exceptional talent to realize it.

Today, we have strengthened Plasma across institutions, payments, and product, building the rails for the most widely used and distributed stablecoin network.
Stablecoins are crypto’s highest-impact use case and the most significant financial innovation since the inception of fiat.

Plasma will realise this potential by distributing stablecoins through products and applications, and integrating with existing financial systems and legacy payment rails.
The stablecoin payment stack is complex and only thrives through deep integrations with the existing financial system.

@Admjcbs will join as Head of Global Payments to unlock coverage in 100+ countries and 200+ payment methods for Plasma USD₮ rails.

Prior to joining Plasma, Adam was an early executive focusing on payments at both Binance and FTX, and subsequently led digital assets at Nuvei, placing him as one of the most experienced leaders of the crypto payments universe.

x.com/admjcbs/status…
Read 7 tweets
Plasma Profile picture
Aug 20
The new global financial system relies on a deep and robust yield economy.

To reach that scale, distribution is everything. That’s why we are excited to announce our partnership with @Binance Earn to bring the first fully onchain yield product to hundreds of millions worldwide.
@binance Binance Earn sits inside a platform that serves over 280 million people and stores more than $30B in USD₮. It is the largest and most liquid dollar market in the industry.

plasma.to/insights/plasm…
@binance Together we are bringing USD₮ yields directly into the environment where the majority of active participants engage with crypto.

For the first time ever, stablecoins will deliver yield at truly unprecedented global scale.

binance.com/en/support/ann…
Read 4 tweets
Plasma Profile picture
Jul 14
Plasma is entering the next phase of building a global financial system where money moves at internet speed, with zero fees and full transparency.

XPL is the core asset securing this system.

The public sale begins July 17 at 9:00 AM ET. Deposits and withdrawals are now locked. Image
This thread outlines how XPL is structured and how the public sale will work.

For full details, read the blog post: plasma.to/insights/xpl-t…
XPL is the native token of the Plasma network. It secures the chain, powers transaction fees and validator rewards, and drives adoption through carefully structured incentives.

Initial supply: 10B XPL

- 10% Public Sale
- 40% Ecosystem & Growth
- 25% Team
- 25% Investors Image
Read 8 tweets
Plasma Profile picture
Jun 17
The seventh edition of our newsletter, Where Money Moves, is live.

Twice a month, we unpack the key trends, developments, and data shaping the stablecoin industry.

Dive in ↓ Image
This week, Plasma went live with its deposit campaign in the lead up to our XPL public sale.

On Monday, we opened the initial cap to $500 million. This filled in under 5 minutes. Later in the week the cap was raised to $1 billion, which filled in 30 minutes. We are thrilled that just under 3,000 wallets participated in the deposit campaign, with a median deposit amount of ~$12,000.

Since then, we have announced that the deposit cap will not be further increased.
Following its acquisition of @Stablecoin, @Stripe has acquired @Privy_io, an embedded self-custody wallet provider with familiar onboarding options like passkey and Google login.

This extends Stripe’s 2024 Annual Letter pledge that its platform will be the best way to build with stablecoins. Combined with Bridge’s compliant fiat on/off ramps, Stripe now offers a true “bank in a box” on non-custodial rails.

Deal terms are undisclosed and Privy will operate independently. We expect to see more traditional payment companies and fintechs to pursue acquisitions in the stablecoin payments space.
Read 10 tweets
Plasma Profile picture
Jun 2
The sixth edition of our newsletter, Where Money Moves, is live.

Twice a month, we unpack the key trends, developments, and data shaping the stablecoin industry.

Dive in ↓ Image
We’re thrilled to announce that Plasma’s XPL token supply will be made available to the public via Sonar, Echo’s new token sale infrastructure.

10% of the total XPL supply will be sold in the public sale, priced at a $500 million fully diluted network valuation, matching our recent strategic round led by Founders Fund.

If you are interested in helping scale the network from the ground up, learn more about our public-sale below ↓

plasma.to/insights/annou…
According to the @WSJ, some of the largest US banks such as @JPMorgan, @BankofAmerica, and @Citi are now exploring stablecoins as an essential part of their digital payment strategies.

At the same time, fresh data from @Artemis reveals that in emerging markets, stablecoin payment volumes, primarily USD₮, are reaching parity with traditional rails, particularly in regions where banking infrastructure has lagged.

What is striking is not just the speed of adoption, but the breadth of use cases now emerging as existing financial giants act decisively in the face of inevitable stablecoin adoption.
Read 10 tweets
Plasma Profile picture
May 27
The financial system of tomorrow. Owned by you.

Announcing the XPL public sale, using Sonar by @echodotxyz.

10% of XPL will be sold at a $500M FDV, the same valuation as our latest equity round with Founders Fund.
Echo, founded by @cobie, is the leading platform for private early-stage token investing. We’ve believed in access from day one, opening our seed round to anyone through Echo.

Plasma will now be the first-ever public sale conducted through Sonar, Echo’s new public sale infrastructure.
To secure an allocation, deposit stablecoins into the Plasma vault on Ethereum, powered by @veda_labs. Your time-weighted share of total deposits determines your allocation.

Before the sale begins, the vault locks. At mainnet beta, your position bridges to Plasma, becomes withdrawable, and XPL is distributed.

Deposits open in 2 weeks at app.plasma.toImage
Read 7 tweets

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