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Plasma (@Plasma)
Open USD is the new standard for global stablecoins, now coming to Plasma. The stablecoin backed by Visa and Mastercard, launching on the chain built for stablecoin payments.
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Open USD is the new standard for global stablecoins, now coming to Plasma. The stablecoin backed by Visa and Mastercard, launching on the chain built for stablecoin payments.
Whop just pulled off one of the biggest DeFi-to-fintech integrations ever. Whop is a marketplace where creators make money selling digital products, and it has been gaining serious traction. On Whop, creators can sell online courses, tools, digital downloads and community access. Think of it as Shopify for digital products. Patreon with more tools. Discord with built-in payments. Their users have made over $1B in sales past year and I have no doubt Whop is going to be the biggest fintech in their category soon and here why: Whop solves an end-to-end problem: how a creator can build products, sell access to them and manage customers, all within a single dashboard. It is the fastest and simplest way to monetize your work as a creator or seller. Online platforms typically rely on traditional internet payment rails for their infrastructure to process payments, collect revenue and manage recurring billing like subscriptions. The reason Whop works so well is that it solves the exact problem its founders lived through. @cultured and @czoob3 were reselling sneakers through Facebook. They ran paid Discord groups where people subscribed to sneaker alerts, deal notifications and reselling tips. While they were already generating revenue, selling digital memberships was a mess. It required juggling too many tools: Discord, PayPal, Zelle, bots and manual tracking. So they built a platform that solved everything for sellers like themselves: accept payments, deliver digital products, manage subscriptions, control community access and handle customer management. @jsharkey joined this mission as the technical co-founder and became CTO. What made Whop different was that creators could sell products, charge subscriptions, deliver files or access and manage customers all inside one system. This was a real problem that many online community sellers had, including the founders themselves. Whop understood that new online selling behaviour requires new tools. And new behaviour requires new infrastructure. For a startup like Whop, building entire infrastructure from the ground up takes significant time. At the same time, existing infrastructure does not serve the same global audience that Whop has, nor does it offer the cost structure that helps Whop keep its products viable and competitive. Digital communities and digital goods are inherently global. Existing payment methods rely on infrastructure that is regionally bound. While accepting payments is available globally today, the fees and the number of middlemen remain high. Going onchain solves many of these problems across payments, credit and fund management. Stablecoins bypass the need to settle transactions through credit card networks or banks, significantly lowering the cost margins. This is why fintechs are excited about stablecoins. And guess who benefits the most? The users. Stablecoins are a gateway to something far more valuable for fintechs like Whop. They unlock new ways for users to transact, earn and access a whole range of financial opportunities through DeFi. DeFi provides transparent and verifiable financial infrastructure that is accessible globally with stablecoins. There are no black boxes, no long and complex agreements, and no reliance on manual human processes. With Whop Treasury, when a user opts in, their balance converts to USDT0 stablecoins. From there, funds route through a @veda_labs vault on the @Plasma network, a blockchain purpose-built for stablecoin transactions at scale, and are allocated into @aave lending markets where they earn yield. Autocompounding happens automatically, meaning generated yield is continuously redeployed without the user paying gas fees or managing any positions. Deposits via card and crypto are powered by @moonpay and @tether provides the stablecoin infrastructure underpinning the entire system. This is the onchain rails stack to transact and earn. By moving to onchain rails, Whop Treasury connects its 21 million users directly to financial infrastructure that anyone can verify and rely on, all in an automated fashion guaranteed by smart contracts. The result is fewer middlemen, more transparency and access to programmable financial opportunities that are readily available, global from day one and built on resilient infrastructure. We will see more fintechs going directly onchain. But we will remember Whop as the first to break the ice, showing the fintech industry the direction where the future of finance is heading. Whop Treasury was also a masterclass in building an Earn stack that works for institutions: USDT0 for stablecoins, Plasma for low-cost stablecoin transfers, Veda for capital allocation and Aave for yield. Whop is about to eat commerce, and DeFi is going to be the backbone of all of it.
According to CryptoRank, FDVs of several VC-backed projects launched this year are significantly lower than their VC valuations. For example, Humanity Protocol's initial valuation was $1 billion, but its current FDV is $285 million; Fuel Network's initial valuation was $1 billion, but its current FDV is $11 million; Plasma's initial valuation was $500 million, but its current FDV is $224 million; Camp Network's initial valuation was $400 million, but its current FDV is $15 million. https://twitter.com/i/web/status/2003678122571633074
SyrupUSD₮ has grown to over $1.1B TVL since launch on Plasma. With @maplefinance, anyone can access institutional‑grade onchain asset management.
Our power grids are straining from an explosion in electricity demand, with rates outpacing inflation and blackouts surging. We’re partnering with @Daylightenergy_ to solve this onchain and give anyone access to electricity-backed returns via its yield-bearing asset on Plasma. https://t.co/PGaSuWwoGD
Plasma is building the infrastructure for Money 2.0. Adoption begins where people are, and scales through global integrations. We are partnering with @TrustWallet, the largest non-custodial crypto wallet, to get Plasma’s stablecoin rails into the hands of everyone, everywhere. https://t.co/03UCbMTwzs
Plasma (@plasma), a high-performance layer-1 blockchain purpose-built for stablecoins, with over $5.5B in stablecoin supply just one week after launch, is joining Chainlink Scale to enable Plasma developers to build next-gen stablecoin applications. https://t.co/dDY1M7L3jT With Chainlink as Plasma’s official oracle provider, Chainlink CCIP, Data Streams, and Data Feeds are live on Plasma from day one, laying the foundation for high-performance, data-rich, and interoperable stablecoin applications. @aave is live on Plasma and already seeing massive traction with over $6.2B deposited since launch, powered by Chainlink CCIP and Data Feeds to bring secure and efficient lending markets to Plasma’s rapidly growing ecosystem.
On @0xfluid and @eulerfinance, Resolv markets now deliver around 30% ROE on wstUSR leverage with near zero borrow rates on @plasma. On Fluid, caps for wstUSR were raised to $100M — unlocking larger, more capital-efficient positions. The scale-up has begun. Trillions. https://t.co/TmUzFHUleb
Sushi is now live on Plasma @Plasma ! Swap Plasma assets on Sushi, powered by the Sushi Aggregator for best pricing across 40+ chains. Start swapping today: https://www.sushi.com/plasma/swap https://t.co/MKyuVFtaBT
In just 2 days, stablecoin supply on Plasma has surpassed $7 billion. The future is bright. https://t.co/uD3Dgs6e9i
Fluid is breaking records today! 🌊 $3B+ in 24h volume on @Ethereum 🌊 #1 DEX by daily volume 🌊 #1 in Stables Swap, with 50%+ dominance 🌊 $300M on @PlasmaFDN just hours after launch 🌊 4.6B TVL → 5B Soon Trillions next. Stay Fluid 🌊 https://t.co/GVQxhuyucT
Fluid is part of the rewards program for the @PlasmaFDN launch. In just 2 hours, Plasma Vaults on Fluid have already surpassed $250M in Total Market Size. Enter the Fluid Era on Plasma 🌊 https://t.co/rqgu4t1APn
Big day for @PlasmaFDN as the mainnet goes live with $2B+ liquidity and 100+ protocols right out of the gate! Kudos to the team for delivering on a massive scale. rsETH is in on the action from day one. 🌱 Here's how to get started 🧵 https://t.co/Y5Vv0Yikfo
The global financial rails powering Money 2.0 go live tomorrow. https://t.co/4zSquTRAGs
Plasma mainnet beta will go live with $2B+ in liquidity, making us the 8th largest chain by stablecoin supply. The future is bright, on Plasma. https://t.co/KPALwq1AJq
Plasma mainet beta will go live with $2B+ in liquidity, making us the 8th largest chain by stablecoin supply. The future is bright, on Plasma. https://t.co/91z3PZZN2F
Plasma blockchain to launch stablecoin-focused neobank https://www.theblock.co/post/371568/plasma-stablecoin-neobank?utm_source=twitter&utm_medium=social
Stablecoins are limited in their impact by how people use them. Crypto cards change that, making digital dollars usable worldwide. Today, we are announcing our partnership with @Raincards to issue these cards on Plasma, allowing Plasma USD₮ to be used at over 150M merchants. https://t.co/i3RDiQB21Y
Maple will be a day-one launch partner. The leading gateway for institutions to participate in Plasma’s onchain ecosystem will be live at mainnet beta. Trillions.
Institutional-grade asset managers are a fundamental component of onchain capital markets. Today, we are thrilled to announce our partnership with @MapleFinance to strengthen our onchain credit layer and launch a syrupUSDT pre-deposit vault to seed initial liquidity. https://t.co/iMOeZKZVsh
Stablecoin supply will only reach trillions with institutional participation. We are excited to announce Pascal Bourgi as Head of Institutions and Capital Markets to ensure that as institutions come onchain, they use Plasma. Previously at Goldman Sachs, Pascal served as an…
Stablecoins give everyone, everywhere permissionless access to the financial service of saving money safely and reliably. Today, we are excited to announce our partnership with the fastest-growing stablecoin-based neobank, @Ether_fi. https://t.co/0zDJOLlBTN
Plasma’s campaign with @Binance Earn is now fully subscribed. With more than 30k people participating and $1B in TVL, this marks one of the largest Earn launches in Binance’s history. Plasma is set to launch with over $2B USD₮ in day one TVL. Trillions.
AI infrastructure is a trillion-dollar global race and Big Tech has long had the edge in financing it. That edge ends now, with onchain solutions opening access to all. We’re excited to bring this yield opportunity to Plasma together with @USDai_Official. https://t.co/habrJ3oOWV
Payment financing is a crucial part of the payments stack as real-time clearing requires short-term credit. Today, we are thrilled to announce our partnership with @WildcatFi to build a transparent private credit layer for a new global financial system on Plasma. https://t.co/fIIOUSRJ9e
Bitfinex-backed Layer 1 Plasma raises $373 million in 10-day token sale https://www.theblock.co/post/364476/bitfinex-backed-layer-1-plasma-raises-373-million-in-10-day-token-sale?utm_source=twitter&utm_medium=social
Plasma, a stablecoin-focused blockchain, has closed its public token sale with $373 million in commitments. The Plasma network will hold $1 billion in stablecoins at launch and it has secured funding from notable investors including Peter Thiel’s Founders Fund. https://t.co/BJsrbLll3D
EXCLUSIVE: @PlasmaFDN is raising $50 million from a token sale, which values the stablecoin-focussed network at $500 million. By @FranciscoMemor. https://trib.al/KAKTOQ9
Plasma doubles its deposit cap, clarifies it is eyeing $50M public sale at $500M FDV theblock.co/post/357897/pl…
ANNOUNCING ARKHAM X PLASMA We’re partnering with Plasma to bring Arkham’s industry-leading analytics capabilities to the Plasma ecosystem. We will be adding Plasma to Arkham Intel, enabling alerts, entity analysis, transaction visualisation & more on the Plasma blockchain.
Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation theblock.co/post/355840/co…
Exit games for EVM validiums: the return of Plasma https://vitalik.eth.limo/general/2023/11/14/neoplasma.html
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