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Plasma Profile picture
Plasma
@PlasmaFDN
Redefining how money moves. Stablecoin infrastructure for a new global financial system. Backed by @foundersfund, @hiFramework, & @bitfinex.
Sep 9 • 7 tweets • 3 min read
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.
Aug 20 • 4 tweets • 2 min read
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…
Jul 14 • 8 tweets • 3 min read
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…
Jun 17 • 10 tweets • 3 min read
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.
Jun 2 • 10 tweets • 4 min read
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…
May 27 • 7 tweets • 2 min read
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.
May 5 • 9 tweets • 3 min read
The fourth 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 Stablecoins dominated the discourse at this year’s @Token2049 in Dubai, emerging as the central theme across countless keynotes, side events, and hallway discussions.

Major announcements from @Tether_to, Trump-affiliated @worldlibertyfi, and integrations by legacy players like @Apple and @Visa underscored the growing significance of digital dollars in the global financial landscape.

Far from just being crypto infrastructure, stablecoins are now being talked about as tools of national competitiveness and global economic alignment.
Apr 8 • 9 tweets • 3 min read
The second 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 @Circle, the issuer of USDC, filed an S-1 with the SEC for an IPO, although the offering has since been delayed. Once the offering proceeds, Circle will be the first major issuer to go public, underscoring the established role of stablecoins in the financial system.

USDC remains the second-largest dollar-backed stablecoin by market cap, trailing only @Tether_to’s USD₮. Despite acknowledgment of its reserves and compliance measures by some institutional players, Circle’s history is not without its issues. Notably, USDC experienced a brief depeg during the 2023 banking crisis, and a significant portion of its US treasury bill revenue is allocated to distribution partners.

Achieving widespread stablecoin adoption requires more than regulatory clarity. It demands robust integrations, reliable payment experiences, and a distribution network that minimizes hidden costs. The underlying infrastructure of the blockchains that support these stablecoins will ultimately determine their global scalability.