PLASMA

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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
Plasma Chain
High-performance L1 blockchain purpose-built for stablecoins with 1000+ TPS and sub-second block times
Custom Gas Tokens
Custom Gas Tokens
Allows transaction fees to be paid in whitelisted assets including USDT or BTC
PlasmaBFT Consensus
PlasmaBFT Consensus
Fast HotStuff-derived consensus mechanism processing thousands of transactions per second for stablecoin settlement
EVM Compatibility
EVM Compatibility
Seamless deployment of Ethereum-based contracts with no code modifications required
Zero-fee USDT Transfers
Zero-fee USDT Transfers
Protocol-level paymaster sponsors gas for USDT transfers, eliminating user gas costs entirely
Native Bitcoin Bridge
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

Partner Cards.

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.

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.

B2B infrastructure clients (payment providers, exchanges, dApps) and consumer end-users through Plasma One app. Partners include Yellow Card, Prive, Walapay, and Aave.

Plasma is a financial technology company, not a regulated financial institution. The Plasma One card is issued by Signify Holdings, Inc. via Visa license.

Plasma Chain supports 25+ stablecoins including USDT, USDC, DAI, and more. The network is EVM-compatible with native Bitcoin bridge planned.

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