Plasma Partners with Stripe to Build Multi-Currency Stablecoin Cards

Introduction

Plasma and Stripe are teaming up to build multi-currency cards backed by stablecoins.

What the cards are supposed to do

The core idea is direct spending. A user holding several currencies or stablecoins can pay from those balances as they are, rather than converting everything into one currency first.

Supported fiat and stablecoin currencies

The supported fiat currencies include USD, EUR, GBP, BRL, MXN, and COP. On the stablecoin side, the list includes USDC and OUSD.

Expansion plans

The cards are currently usable in more than 30 countries. The companies plan to expand to over 100 countries, with 2027 as the target.

Future versions

Future versions are expected to add automatic currency selection. The card would pick which balance to spend from, so the user does not have to toggle between currencies at checkout.

Background

Plasma operates its own Layer-1 blockchain designed specifically for stablecoin payments. Its consumer product, Plasma One, launched publicly in June 2026. It describes itself as a stablecoin-native neobank, meaning stablecoins sit at the center of the account rather than being bolted on as a side feature.

Key features of Plasma One

Plasma One offers three tiers of Visa-linked cards. They support spending from either self-custodied balances or balances held in the account. Cardholders can earn cashback paid in XPL, Plasma’s native token. The accounts also offer yields of up to 6%, and USDT transfers on the Plasma network carry no fees.

Stripe’s stablecoin push

Stripe’s stablecoin card spending has reportedly reached approximately $1.2 billion monthly as of 2026. Stripe built much of this capability after acquiring Bridge in 2024. That purchase strengthened its card-issuing infrastructure and gave it a foundation for stablecoin-linked products.

Conclusion

The partnership between Plasma and Stripe is expected to enhance Solana’s ecosystem reach and user engagement. The cards are expected to drive growth in the stablecoin market and expand the reach of stablecoin payments.

Plasma, Stripe, USDC, OUSD, XPL, USD, EUR, GBP, BRL, MXN, COP