Jeeya_Awan

Stablecoins are a fundamental and open way to store and transfer US dollars, usable anytime, anywhere. For hundreds of millions of people worldwide, stablecoins have become a necessity.
Exporters in Istanbul's Grand Bazaar visit exchange counters weekly to exchange for US dollars (USDT) so they can hold their profits in a currency they trust. Shop owners in Buenos Aires pay their employees in US dollars (USDT) because the stablecoin system is faster than Argentina's banking system. Commodity traders in Dubai use US dollars (USD₮) for cross-border trade, and workers around the world use stablecoins to send money home.

In any case, the US dollar is a commodity in itself, which is why so many people around the world are in dire need of it.
The challenges stablecoins currently face lie in numerous difficulties in their use. The lack of local applications in many countries forces people to rely on public digital wallets. The exchange process between stablecoins and fiat currencies is complex because distribution often relies on centralized exchanges. Ultimately, existing cryptocurrency interfaces simply cannot meet the demand.
Therefore, @Plasma proudly launch Plasma One, a digital bank and digital card designed specifically for stablecoins, aiming to solve the above problems. It is built on the Plasma Layer-1 blockchain, which is purpose-built for stablecoins and payments.
One app, easily manage your funds
Plasma One aims to enable everyone, wherever they are, to save, spend, and earn USD anytime, anywhere through a single app without restrictions. It sets a new benchmark for global digital banking, tailor-made for stablecoins.
Spending and Earnings
Earn over 10% in earnings by paying directly with your stablecoin balance.
Real Rewards
Earn up to 4% cash back with any Plasma One card, whether physical or virtual.
Global Coverage
Your card can be used at over 150 million merchants in more than 150 countries.
Fee-Free USD Transfers
Send digital USD to individuals and businesses instantly and free through the app.
Quick Registration
Register and complete the registration process to receive your virtual spending card in minutes, no waiting days.
Why Was This Product Built?
There are two main reasons why Plasma One is at the heart of our product development.
First, distribution. Plasma One allows us to deliver software directly to people facing financial exclusion. The core idea behind the product is that most people around the world want free and widespread access to digital dollars, but they face significant barriers. Plasma One enables us to provide a global channel for dollar deposits and withdrawals, offering savings, spending, earning, and remittance functions tailored to local market conditions.
#Plasma focus on the markets with the highest demand for dollars. For example, in cities like Istanbul, Buenos Aires, and Dubai, the ways in which dollars are used are diverse. Plasma company communicate weekly with individuals, merchants, and businesses in these markets. Their observations can be summarized as follows: While blockchain infrastructure offers many benefits to developers through powerful APIs and SDKs, end users still need a product that can be unlocked, trusted, and used to store savings in their daily lives. The Plasma One platform is designed to meet this need.
Plasma's second strong interest in Plasma One stems from their desire to build technology that leverages their own infrastructure. Plasma One is one of our key initiatives to ensure our blockchain payment platform becomes the most user-friendly and reliable platform globally. As plasma's first customer, they can test, scale, and refine their payment platform through a rapid feedback loop. With the development of Plasma One, they can integrate the entire Plasma ecosystem into a single application, consolidating our DeFi ecosystem, trading platform integration, and payment partners into one application, thereby delivering optimal pricing, liquidity, and a unified, seamless user experience.
Over time, these core components they are building will be made available to external teams. Institutions, digital wallets, and payment applications will be able to launch on the Plasma platform, which boasts a mature infrastructure that has been rigorously tested and optimized under real-world pressure. The integration approach to blockchain, tools, and applications enables us to optimize end-to-end performance and provide a reliable infrastructure for other users.
Future Vision
Plasma One is the perfect embodiment of plasma team's global financial vision. It aims to make essential financial services easily accessible to everyone.
Plasma's strategy for achieving this goal is simple: we will build the most efficient infrastructure in the global financial sector, because stablecoins are cheaper, faster, and more reliable than traditional payment methods.
They attracted top global partners by connecting inbound and outbound platforms, foreign exchange providers, card organizations, and banks through a seamless platform. They created a world-class product; the Plasma One app that set a new benchmark for stablecoin-based digital banking in terms of ease of use, coverage, and user experience.
Plasma One's success model is worth learning from because anyone in any country can download the app, earn US dollars, securely and efficiently earn rewards, use the card in stores, and instantly transfer money to friends.
$XPL

Stiamo costruendo un sistema finanziario globale alimentato da stablecoin. Per supportare questa visione, abbiamo bisogno di un livello di credito che trasformi i depositi in USD₮ in capitale prevedibile e di grado di mercato.
La nostra partnership con Aave, combinata con una calibrazione precisa del rischio e incentivi mirati, ha fornito un tasso di prestito USD₮ basso che converte la profonda liquidità del deposito in una capacità di prestito affidabile.
Quel tasso di prestito durevole e a basso costo è la base della nostra strategia onchain. Permette a costruttori e istituzioni di progettare prodotti di rendimento e strategie di leva che rimangono valide sia nei mercati orso che in quelli toro.

What impressed me most when I first used Dusk wasn't its speed or novelty, but its quietness.
On @Dusk , when a rule was applied for the first time, no one objected.
The applicability of a rule was determined entirely by its text. After committee approval, Phoenix continued generating blocks. On Moonlight, everything was so straightforward that no one added comments or opened files. There was no noise. It just… silently ran.
The second time, someone recognized the rule and relaxed.
The third time, no one even shouted out the rule's terms. They would say, "It's already approved," and move on to the next step.
That's when I truly understood Dusk's design philosophy.
#Dusk is the first layer of security designed for the regulated financial sector, where privacy doesn't mean secrecy, and its application doesn't mean controversy. The rule's inevitable application with limited visibility is itself a form of protection. It doesn't always prove its worth, but it ends the debate. Challenging it is like challenging the decision itself.
Over time, subtle changes occurred. Exceptions ceased to appear. Not because they disappeared, but because the reactions far exceeded human perception. The system doesn't provide exception paths, and the exceptions in Dusk aren't innocent; they are proprietary problems associated with specific names.
Therefore, behavior adjusts accordingly.
Inputs are pre-filtered. Decisions are made early. Timelines adapt to predetermined paths, rather than disrupting them. Things themselves remain unchanged, but everything around them changes.
This is the hidden power of Dusk.
Founded in 2018, Dusk assumes that regulation is permanent, not an obstacle to overcome. Its design embodies this reality: selective disclosure through zero-knowledge proofs, private settlements through verifiable compliance, and explicit finality that organizations can truly trust. Not complete transparency, nor blind secrecy, but controlled visibility.
Most blockchains reveal intent the instant value is transferred. In the real financial world, this is an operational risk. The Dusk platform views privacy as a data retention infrastructure because organizations don't abandon systems for ideological reasons, but rather when these systems create obligations.
This is what makes Dusk's implementation unique. It focuses on migration paths, validation incentives, settlement guarantees, and compliance foundations. This architecture isn't elegant, but it's crucial—it's an architecture that builds trust gradually.
Dusk doesn't demand trust; it uses mathematical principles instead, and execution to justify it.
Moreover, the smoother it operates, the harder it is to find a reason to change a solution that's already so perfectly implemented.
Therefore, the real question isn't whether Dusk prioritizes privacy or compliance, but whether the financial industry is ultimately ready to let mathematics solve the argument.
$DUSK

Il vero problema che risolve Dusk
Nel sistema finanziario reale, i fallimenti raramente hanno conseguenze catastrofiche; spesso sono sfuggenti.
In definitiva, è probabile che ci sia un insediamento.
Un rapporto appena soddisfacente.
Un'esposizione poco convincente.
@Dusk network esiste nell'intersezione delicata di finanza, conformità e crittografia. Il loro concetto principale è semplice ma estremamente impegnativo: i partecipanti devono essere in grado di verificare le proprie azioni senza rivelare tutte le altre informazioni.
Questa non è privacy nel senso di segretezza, ma privacy che minimizza la divulgazione delle informazioni.

On September 25, Plasma’s mainnet beta went live alongside the launch of theirr native token, XPL, as the 8th largest blockchain by stablecoin liquidity.
$2B in stablecoins remain active on @Plasma from day one. Capital deployed across 100+ DeFi partners, including Aave, Ethena, Fluid, Euler and more. The goal is immediate utility: savings that preserve value, deep USD₮ markets, and the lowest USD₮ borrow rates in the industry.
At mainnet beta, Plasma has vault deposits so users can withdraw USD₮0. This marked the completion of plasma final launch phase. Plasma enable zero-fee USD₮ transfers for all users through its dashboard at app.plasma.to.
The Journey
From the beginning, Plasma was built alongside the community.
Early access to Plasma opened for everyone through Echo. The Stablecoin Collective was created as a forum for education and collaboration. A deposit campaign was ran on Plasma, where in just over 30 minutes more than $1B in stablecoin liquidity was committed to the vaults to earn the right to participate in XPL public sale. This public sale ran on Echo so ownership was widely distributed. It drew in $373M in commitments, far surpassing $XPL cap of $50M by a 7x multiple.
That foundation led to the partnership with Binance Earn. The first onchain USD₮ yield product was launched inside the most widely used crypto application. The $1B cap was reached quickly. It became the largest and most successful campaign in Binance Earn’s history.
This journey then led to mainnet beta, where the largest chain was launched, by day one stablecoin liquidity in history.
The Rails for Digital Dollars
Plasma’s mission is to become the foundation for global money movement. Mainnet beta is the next step in making that vision real. As stablecoin regulation matures worldwide, led by the US moving in a positive direction, Plasma is built for alignment from day one. We see a world where Plasma is used in daily life for payments, foreign exchange, card networks, on- and off-ramps, and more.
To facilitate this, mainnet beta introduced PlasmaBFT, which is a high-throughput consensus layer designed for stablecoin flows. At mainnet beta, users are able to move USD₮ with zero fees using authorization-based transfers. During rollout and stress testing, zero-fee transfers are limited to Plasma’s own products. Over time, zero-fee transfers could extend beyond this products. App builders can leverage a chain engineered for composability, speed, efficiency, and security. Plasma infrastructure is a first of its kind for a chain of Plasma’s scale.
Redefining how money moves is a distribution challenge. Money operates on network effects and networks are built on distribution. Reaching people who are excluded by legacy financial systems means going country by country, integrating deeply in local markets, and putting digital dollars directly in people’s hands. Plasma is built to support that distribution at global scale. The chain is connected to physical peer-to-peer cash networks, so digital dollars achieve merchant penetration, moving along the same channels that people already trust.
Own the System
XPL is the native token that powers #Plasma . 10% of the supply was sold to community members in the public sale. At the launch of mainnet beta, an additional 25 million XPL tokens was distributed to recognize smaller depositors who completed Sonar (by Echo) verification and participated in that sale. This keeps ownership broad and aligned.
2.5 million XPL are reserved for current and future members of the Stablecoin Collective. The Collective began as a forum to build familiarity with stablecoins. It has since grown into a community that educates, contributes, and helps drive stablecoin adoption. It plays an active role in getting USD₮ on Plasma into people’s hands and in supporting the broader ecosystem.
Together, these distributions reflect the core principles that participation should be broad, ownership should be shared, and contributors should be recognized. Beyond distribution, the Plasma network is secured by XPL. The token aligns incentives for validators, and ensures that ownership of the system sits with the people who use it and build on it.
For the public sale, XPL will be distributed at mainnet beta launch to non-US participants. For US participants, distribution will occur on July 28, 2026, 12 months after the public sale concluded, in line with applicable laws.
The Trillion-Dollar Opportunity
Stablecoins are the most significant financial innovation since the creation of money. In emerging markets they are unwinding decades of friction by preserving purchasing power overnight, compressing remittances from weeks to minutes, and enabling small businesses to accept payments without gatekeepers. Hundreds of millions of people already rely on digital dollars as the only way to save, pay, and plan.
Plasma is building a new global financial system for everyone, everywhere. Mainnet beta and XPL are the next steps toward that vision. The rails are delivered for global money movement, with the distribution that turns onchain dollars into everyday money.
Stablecoins are Money 2.0. Plasma is how they get into the hands of everyone.

Mentre le crypto inseguono narrazioni speculative, Dusk Network si concentra sullo sviluppo a lungo termine: costruire un'infrastruttura di finanziamento aziendale regolamentare e conforme sulla blockchain.

Concetto Fondamentale: Privacy Auditabile
L'innovazione fondamentale di Dusk non risiede solo nella privacy, ma anche nella divulgazione selettiva.
Nello spazio crypto, la privacy è spesso utilizzata come uno slogan di marketing o un ostacolo legale. La chiave non è la privacy in sé, ma la verifica.
Questo equilibrio è cruciale per i mercati regolamentati. L'implementazione di Dusk include:

In un mercato saturo di concetti multi-chain, Plasma si distingue per la sua essenza focalizzata. Non è una rete Layer 1 di uso generale, ma una rete di regolamento professionale progettata per trasferimenti di stablecoin efficienti, affidabili e su larga scala.
Lancio: Core First
Plasma viene ufficialmente lanciato entro la fine del 2025 e vanta caratteristiche principali eccezionali:
Oltre 2 miliardi di dollari in liquidità di stablecoin il giorno del lancio.
Integrato con oltre 100 piattaforme di finanza decentralizzata, tra cui Aave e Chainlink.
Il suo token nativo, $XPL, è quotato su Binance, garantendo accesso immediato per gli utenti.

DUSK non è semplicemente una catena di privacy, ma una blockchain progettata attorno ai vincoli fondamentali della finanza del mondo reale:
Riservatezza
Conformità

Esecuzione prevedibile
Questo focus centrale determina la sua filosofia di design distintiva, dando priorità alla stabilità a lungo termine rispetto alla flessibilità sperimentale, rendendola intrinsecamente orientata alle imprese.
Principio di Design Fondamentale: Privacy come Vincolo Fondamentale
Imponendo la riservatezza fin dall'inizio, il design della rete è fondamentalmente alterato.
Modello di Esecuzione
Quando si eseguono smart contract, la DUSK Virtual Machine (RVM) mantiene preventivamente la privacy. I dati e la logica rimangono riservati; tuttavia, il sistema può generare prove crittografate selettivamente per scopi di audit e conformità, simulando il funzionamento della finanza regolamentata.

Diverse tecnologie blockchain promettono soluzioni complete, Plasma si distingue per il suo focus su un obiettivo:
Costruire l'infrastruttura per i pagamenti in stablecoin.
È una tecnologia blockchain Layer 1 progettata non per la speculazione, ma per il trasferimento affidabile, economico e istantaneo di valore.
Perché è così importante il design Stablecoin-First di Plasma?
La maggior parte delle tecnologie blockchain tratta le stablecoin non diversamente dagli altri token. Plasma, tuttavia, le tratta come un prodotto principale. Questa scelta fondamentale rimodella completamente l'esperienza dell'utente e la tecnologia sottostante.