plasma

Plasma announced that the native digital banking application for stablecoins, Plasma One, is officially launched. Users who join within the next 7 days can receive a Core level for free in the first year, valued at over $1000.Plasma stated that users can currently download Plasma One on iOS and create an account, with the Android version launching this month. In addition, the Plasma One platinum card will be available to XPL holders, allowing users to earn up to 10% cashback in categories such as AI and aviation.

According to Onchain Lens monitoring, the suspected Plasma team (0x410...12b6) deposited 150 million XPL to Binance 5 hours ago, worth 9.64 million USD.

According to market news, Ramp, supported by top Silicon Valley investor Peter Thiel, will allow payments and consumption through Plasma using stablecoin channels.

According to DefiLlama data, the total locked value (TVL) of Plasma, a Layer 1 blockchain designed for global stablecoin payments, has reached $2 billion, with a weekly increase of 27% and a monthly increase of over 80%, rising to become the seventh largest blockchain. One of the key driving factors for this growth is that Plasma was selected as one of the first supported networks for Tether's self-custody wallet launched on April 14, alongside Ethereum and Arbitrum.This wallet supports USD₮, XAU₮, USA₮, and Bitcoin, allowing users to trade without holding a separate Gas token. According to CoinDesk, the driving factors behind the expansion of Plasma's TVL are not yet clear, but may be related to optimistic expectations regarding the potential approval of the U.S. CLARITY Act.

According to Fortune, Zaheer Ebtikar, the founder of the crypto hedge fund Split Capital, announced the closure of the fund and officially joined the stablecoin startup Plasma as Chief Strategy Officer. Ebtikar stated that the closure of the fund was not due to poor performance, but rather because he believes that the crypto hedge fund business model is no longer viable. Ebtikar pointed out that the launch of digital asset ETFs by traditional financial institutions such as BlackRock and Fidelity has allowed institutional investors to allocate crypto assets directly through compliant channels, leading to a significant decline in demand for crypto hedge funds. Meanwhile, the crypto venture capital sector has also experienced a "mass elimination," with the prices of mainstream cryptocurrencies like Bitcoin and Ethereum having dropped nearly 50% from their historical highs in 2025.

The head of Plasma engineering stated that they have joined Plasma and are leading the development of the flagship product Plasma One. They pointed out that as infrastructure such as account abstraction, rapid settlement, and crypto payment cards gradually improves, the usability of crypto products is significantly increasing.They believe that stablecoins, as a "new type of currency," possess characteristics such as globalization, permissionless access, and programmability, but the current user experience still lags behind traditional finance. Plasma One aims to bridge this gap and create a user experience similar to a new type of digital bank. Currently, Plasma One has entered the private testing phase, and the team is accelerating product iteration and plans to open early access.

According to Whale Alert monitoring, Tether has just issued an additional 50,000,000 USDT on the Plasma blockchain, equivalent to approximately 50.01 million dollars at the current price.

CertiK Alert stated that suspicious transactions were detected in the Fusion PlasmaVault contract. During a withdrawal call, the newly configured "fuse" contract transferred all funds (approximately $267,000) to the EOA address 0x9b1b, which then cross-chain transferred the funds to Ethereum and deposited them into Tornado Cash.

According to the official announcement, Coinbase will list Plasma (XPL), with spot trading officially launching on December 2, 2025. If liquidity conditions are met and the trading-supporting regions meet the requirements, the XPL-USD trading pair will be opened.

The stablecoin infrastructure project Plasma announced on the X platform that Plasma will transfer the XPL tokens to the federally chartered crypto bank Anchorage for custody transfer, and all tokens will continue to follow the previously established unlocking plan.

According to official data, the monthly revenue of the Pendle protocol has reached a record high of $4.5 million; the trading volume in September also hit a historical high of $11 billion. In addition, the TVL of Plasma on Pendle has now surpassed $1 billion, ranking third among all public chains deployed by Pendle.

ChainCatcher news, according to Dune data, the Layer 1 project Plasma mainnet optimized for stablecoins processed 75 million transactions within 30 days of its launch, averaging about 2 million transactions per day, with a cumulative user base exceeding 2.2 million, and recently adding about 20,000 active wallets daily.The initial liquidity of the Plasma mainnet was 2 billion USDT0, and after two days of launch, an additional 4.8 billion dollars flowed in, bringing the net inflow to 7.8 billion dollars. The supply of stablecoins has surpassed 7 billion dollars, making it the 5th largest chain globally, accounting for about 2% of the total stablecoin market. Major stablecoins include USDT0 (4.9 billion dollars), sUSDe (1.25 billion dollars), and others.

ChainCatcher news, according to market news, blockchain company Plasma, focused on stablecoin networks, announced a significant business expansion in Europe to provide regulated payment services.The company stated on Thursday that it has acquired an entity with a Virtual Asset Service Provider (VASP) license in Italy, allowing it to legally process cryptocurrency transactions and custody assets in the region. As part of its EU expansion plan, the company will open a new office in Amsterdam, Netherlands, and has appointed a Chief Compliance Officer and Anti-Money Laundering Reporting Officer. Plasma did not disclose the name of the acquired entity, and its spokesperson did not immediately respond to requests for comment. The company also plans to apply for the Crypto Asset Service Provider (CASP) qualification under the new EU Markets in Crypto-Assets Regulation (MiCA) and to obtain an Electronic Money Institution (EMI) license. These initiatives will enable Plasma to exchange assets, issue cards, and hold customer funds under regulatory protection. Plasma stated that its goal is to support its stablecoin-based new bank, Plasma One, through these licenses.

ChainCatcher news, Ethena Labs announced on social media that the PT tokens of USDe and sUSDe have been launched on the Aave Plasma platform, with a supply limit of $200 million for each token.Given that the borrowing rate for USDT remains around 4%, Plasma has now become the best on-chain venue for users to obtain leveraged PT positions through Aave. Multiple rounds of limit increases are expected in the near future.

ChainCatcher news, according to the official announcement, Bitget will support Tether (USDT) -- Plasma network services and has opened USDT -- Plasma deposit services.

ChainCatcher news, Plasma chain's ve(3,3) DEX Lithos announces TGE will take place on October 15th, 20:00 Beijing time.Lithos is the native liquidity market and DEX on the Plasma chain, designed specifically for stablecoin payments and the DeFi ecosystem. Its TGE was originally scheduled for the end of September 2025, but has now been postponed to the current date.

ChainCatcher news, Pendle's TVL on Plasma has surged to $446 million, with the launch of new assets PlasmaUSD, aUSDT0 (Aave), and fUSDT0 (Fluid) this week. PlasmaUSD is the flagship treasury of Plasma managed by Veda, and the deposited funds will be deployed to high-quality lending protocols like Aave to generate returns.Aave aUSDT0 acquires and trades the annualized yield (APY) for USDT0 on Aave. 0xfluid fUSDT0 speculates and trades the annualized yield on deposits in Fluid's USDT0 treasury, including lending returns and XPL rewards earned on Fluid.

ChainCatcher news, according to DefiLlama data, Plasma Network's DeFi TVL has surpassed Tron Network, currently reported at $6.372 billion, with a daily increase of 17.77%.