Plasma and Stripe are teaming up to build multi-currency cards backed by stablecoins. The goal is to let people spend balances in several currencies without paying conversion fees on every purchase.
The deal was announced on October 15, 2026. It makes Plasma, the company behind the Plasma Network and the Plasma One neobank, a design partner for Stripe’s stablecoin card infrastructure.
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.
The supported fiat currencies include USD, EUR, GBP, BRL, MXN, and COP. On the stablecoin side, the list includes USDC and OUSD.
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 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.
The numbers behind 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.
How Plasma got here
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.
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.
