Peter Thiel-Backed Plasma Quietly Debuts $373M Stablecoin Neobank Promising 10% Yields And Access Across 150 CountriesAd
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 1With Thiel’s backing and massive funding round, Plasma targets the billions of people globally who desperately need dollar access but face barriers from traditional financial institutions.
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