Key Notes

Plasma raised $74 million at $500 million valuation with Bitfinex leading Series A funding round participation.

The super-app enables direct stablecoin payments with fee-free transfers and global coverage across 150 countries.

USDT maintains $172 billion market cap as largest stablecoin while generating $179 billion daily trading volume.

The recently launched Tether-backed, purpose-built layer-one (L1) blockchain for stablecoins , Plasma, announced Plasma One on September 22—a super-app that is a stablecoin-native neobank and card. Both the Plasma network and the super-app will have their operations centered around USDT initially.

According to the official announcement , users will be able to “pay directly from [their] stablecoin balance while earning 10%+ yields.” Other

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