Bitfinex-Backed Plasma Blockchain Unveils “Plasma One” Neobank for Stablecoins

Plasma Blockchain, a venture backed by crypto exchange Bitfinex, has announced the launch of its digital banking platform Plasma One, a neobank designed specifically for stablecoin users.

The platform aims to bridge the gap between decentralized finance (DeFi) and traditional banking by offering stablecoin-focused services such as payments, custody, and yield-generation tools. By centering operations on stablecoins rather than traditional fiat rails, Plasma One is positioning itself to capture a growing segment of digital asset users who prioritize speed, low costs, and global accessibility.

Industry observers note that this move could signal a broader trend of neobanks designed around blockchain-native assets, rather than retrofitting legacy banking infrastructure. With stablecoins increasingly becoming the preferred settlement layer for crypto and cross-border transactions, Plasma One could offer a competitive edge against both traditional challenger banks and DeFi protocols.

Backed by Bitfinex, Plasma Blockchain benefits from strong exchange infrastructure and liquidity access, which could accelerate adoption among institutional players as well as retail users seeking a compliant, stablecoin-first banking experience.

The launch of Plasma One comes at a time when regulatory clarity on stablecoins is intensifying globally, underscoring the strategic timing of its debut.