Back
Plasma launches Plasma One app with free first-year Core tier offer

Plasma launches Plasma One app with free first-year Core tier offer

The stablecoin-focused neobank is live on iOS, with Android expected later this month, while XPL rose 26% to $0.116 after the launch and a seven-day Core tier promotion valued above $1,000.

CORE

Fact Check
The official Plasma X post (x.com/Plasma/status/2067215787945779394) directly confirms Plasma One is live and offers a free first-year Core tier for users who join within 7 days. The neobank positioning (digital banking, payments, rewards) is confirmed by CryptoBriefing, and the iOS-live-now/Android-this-month detail is corroborated by both BlockBeats and PANews. All elements of the claim are supported by primary and corroborating sources.
Summary

Plasma has launched Plasma One, a stablecoin-native digital banking app it is positioning as a neobank for crypto-based banking and payments. The app is live on iOS, with an Android release expected later this month. Plasma previously said users who sign up within seven days can receive the Core tier free for the first year, a promotion it valued at more than $1,000. Newer reporting says the product includes a Visa card and XPL rewards, while Plasma has also said a Platinum card for XPL holders will offer up to 10% cashback in categories including AI and airlines. Separately, HTX market data cited by BlockBeats on June 17 showed XPL rose 26% over 24 hours to $0.116 after the launch, though the linkage between the app rollout and the token move remains market observation rather than a confirmed cause.

Terms & Concepts
  • stablecoin-native: Built primarily around using stablecoins for payments and financial services.
  • neobank: A digital-first banking service that operates mainly through an app rather than physical branches.
  • XPL rewards: Rewards paid in or tied to Plasma's XPL token.