Plasma partners with Stripe to develop multi-currency cards

Plasma: Plasma is a Layer-1 blockchain purpose-built for stablecoin payments and global transfers, featuring zero-fee USDT transactions, gas abstraction, and EVM compatibility. It underpins the Plasma One stablecoin-native neobank app, which enables users to hold, send, and spend stablecoins via cards and other financial tools. In this news, Plasma is co-developing multi-currency cards with Stripe to expand stablecoin usability across currencies and markets. Stripe: Stripe is a global financial infrastructure company that provides payment processing, card issuance, and related services for businesses, with growing focus on integrating fiat and digital asset rails. It has expanded its stablecoin offerings through acquisitions and partnerships to support crypto-backed payment products. In this news, Stripe is partnering with Plasma on the co-development of multi-currency stablecoin-backed cards as an initial step in their joint product vision. Stripe Crypto: Stripe Crypto refers to Stripe's crypto and stablecoin-focused infrastructure and product initiatives, which combine traditional payment tools with blockchain capabilities for businesses. It aims to simplify the creation and use of stablecoin-backed cards and related services across markets. In this news, Stripe Crypto is explicitly collaborating with Plasma to integrate fiat and crypto infrastructure for these new card products. Partnership Focus: The collaboration centers on multi-currency stablecoin-backed cards that leverage Stripe's fiat and crypto tools alongside Plasma's payments infrastructure. Product Development: Co-development of these cards represents the first concrete step toward a broader vision of new products for businesses using stablecoins across currencies and markets. Infrastructure Integration: Stripe is bringing together its existing card-issuing capabilities with crypto primitives to enable easier stablecoin card issuance for companies.