Overview

• Users will load and spend stablecoins starting with USDT via physical or virtual prepaid cards running on the Plasma blockchain.
• The card advertises 4% cashback and coverage in more than 150 countries, with issuance handled by payments provider Rain.
• Plasma says stablecoin balances can earn over 10% yield with no lockup, with returns sourced from its DeFi ecosystem.
• Access begins with a waitlist today, and the company plans a staged rollout after the network enters mainnet beta on September 25.
• The launch builds on earlier traction including $24 million raised and roughly $1 billion in pre-deposits tied to its XPL token plans.