COMPANY detail

PLASMA
Redefining how money moves

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PLASMA
Company Overview.
Year Founded 2024
Status Private
Specialties Stablecoin, Payment Infra
Company Size 11-50 Employees
Industry Software Development
Location UK
Description.

Plasma is a high-performance Layer 1 blockchain purpose-built for stablecoins. The network enables near-instant, fee-free USDT transfers with institutional-grade security, supporting 25+ stablecoins and processing over 1000 transactions per second. Plasma is the 4th largest network by USDT balance with $7B in stablecoin deposits and 100+ partnerships.

Additionally, Plasma offers Plasma One, a stablecoin-native neobank and Visa card that allows users to spend digital dollars in 150+ countries. The card is issued by Signify Holdings, Inc. and offers 4% cashback and 10%+ yield on stablecoin balances. The company has raised $24M in equity funding from Framework Ventures, Bitfinex, and other investors, plus $373M in a token sale.

Key Infrastructure.
Plasma Chain High-performance L1 blockchain purpose-built for stablecoins with 1000+ TPS and sub-second block times
Custom Gas Tokens Allows transaction fees to be paid in whitelisted assets including USDT or BTC
PlasmaBFT Consensus Fast HotStuff-derived consensus mechanism processing thousands of transactions per second for stablecoin settlement
EVM Compatibility Seamless deployment of Ethereum-based contracts with no code modifications required
Zero-fee USDT Transfers Protocol-level paymaster sponsors gas for USDT transfers, eliminating user gas costs entirely
Native Bitcoin Bridge Trust-minimized Bitcoin bridge enabling BTC to flow onto the network securely
Additional Features.
Plasma One App
Stablecoin-native neobank app enabling spending, saving, and payments with digital dollars
150+ Countries
Global coverage for Plasma One card and app, borderless spending capability
Plasma One Card
Visa card accepted at 150+ million merchants globally, virtual and physical options
100+ Payment Methods
Multiple payment options integrated through partnership network
10%+ Yield
Stablecoin balance earns yield through Plasma onchain ecosystem opportunities
Instant Virtual Card
Generate virtual card immediately upon app approval for immediate spending
Disclaimer: For educational purposes only. TODEY is not a financial advisor. No-KYC rules vary by country — users must assess project risks and always do their own research.

GENERAL Questions.

What does this company do?
Plasma operates a purpose-built Layer 1 blockchain for stablecoin payments, enabling near-instant, fee-free transfers. It also offers Plasma One, a consumer app with Visa card for spending digital dollars globally.
Who are their main clients?
B2B infrastructure clients (payment providers, exchanges, dApps) and consumer end-users through Plasma One app. Partners include Yellow Card, Prive, Walapay, and Aave.
Are they licensed?
Plasma is a financial technology company, not a regulated financial institution. The Plasma One card is issued by Signify Holdings, Inc. via Visa license.
What blockchains/stablecoins supported?
Plasma Chain supports 25+ stablecoins including USDT, USDC, DAI, and more. The network is EVM-compatible with native Bitcoin bridge planned.