Plasma, a blockchain startup backed by billionaire Peter Thiel, just launched what could fundamentally disrupt traditional banking across emerging markets. Fresh off raising $373 million in a seven-times oversubscribed initial coin offering, the company announced Plasma One on Sept. 22.
The stablecoin-native neobank promises to deliver “everyone, everywhere permissionless access to saving, spending, and earning in dollars,” according to the statement. Plasma says users can pay directly from their stablecoin balances while earning double-digit yields exceeding 10%.
