Plasma is set to launch Plasma One, a neobank built for stablecoin-native banking and payments. The new platform will allow users to spend their stablecoin holdings through both physical and virtual cards, directly from their account balances.

A key feature of Plasma One is the integration of yield-earning capabilities, allowing customers to generate returns on their stablecoin deposits.

Some other features include:
-Users can pay directly from their stablecoin balances while simultaneously earning yields of 10% or more.

-With Plasma One's physical or virtual cards, users can earn up to 4% cash back on purchases.

-The card is accepted in over 150 countries at more than 150 million merchants.

-Sign up, complete verification, and get a virtual spending card in minutes, not days.

The launch is scheduled to follow the mainnet beta of Plasma's stablecoin-focused blockchain later this month. This development underscores a broader industry trend of embedding DeFi functionalities within user-friendly, retail-oriented financial applications, bridging the gap between traditional banking and the digital asset economy.