Peter Thiel-Backed Plasma Quietly Debuts $373M Stablecoin Neobank Promising 10% Yields And Access Across 150 Countries

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 stablecoi ...