Peter Thiel-backed crypto startup quietly makes big move

Plasma, a blockchain startup building stablecoin infrastructure, has launched Plasma One, a neobank designed to make using digital dollars as simple as cash. Fresh off a 7x oversubscribed ICO with $373 million in investment commitments, and with billionaire investor Peter Thiel among its early backers, Plasma is positioning itself as a one-stop shop for saving, spending, and sending stablecoins. “The dollar is the product, and most of the world is desperate to access it,” said Paul Faecks, CEO of Plasma, ...