Plasma One has launched as a stablecoin neobank, offering users a range of banking services and blockchain-based features in one application.
The platform, developed on the Plasma Network's proprietary blockchain, allows for international transfers with no fees using its own blockchain infrastructure.
XPL token prices rose by approximately 20% following the launch, although it remains around 94% below its record high from September 2025.
Plasma One aims to eliminate fragmentation in stablecoin adoption by integrating liquidity, blockchain infrastructure, and banking functionalities into a single environment.