partnership

Stripe and Plasma to Develop Multi-Currency Stablecoin Cards

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Plasma and Stripe are working on multi-currency stablecoin cards, with Plasma planning to move onto Stripe’s card infrastructure. The project is being built for users and businesses, with direct payments from existing balances and direct euro spending among the capabilities under development.

Key claims & sources

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Plasma and Stripe are working together on multi-currency stablecoin cards.
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Plasma plans to move to Stripe’s card infrastructure.
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Stripe Crypto and Plasma are designing and deploying multi-currency stablecoin cards for users and businesses across more than 100 countries.
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The cards are being built so people can make direct payments from existing balances without first converting them.

What it means

Users and businesses that would use the cards are the groups most directly affected, because the cards are being built for them and the design includes direct payments from existing balances. That also reaches people who want euro spending, since direct euro spending is listed as one of the capabilities under development. (per crypto-economy.com)

The practical change is that the cards are being developed to work with existing balances and, in the same project, to sit on Stripe’s card infrastructure. What stays in place is that this is still a development effort, with capabilities under development rather than a finished rollout.

What remains open is when the cards will be available and which of the listed capabilities will arrive first. The available details name the partnership, the move to Stripe’s infrastructure, and the intended features, but they do not say when the work will be completed. (per cryptobriefing.com)

Market reaction i

PlasmaXPL the event is about this asset
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Coverage timeline

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first
Oct 15 13:09
+0 min
Oct 15 13:10
Crypto Briefing context
Its angle: revolutionize, transactions, inclusivity
+5 h 50 m
Oct 15 18:59
+1 d 1 h
Oct 16 15:00

Has this happened before?

WhenWhat happenedFigure
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36 days ago OpenUSD joins the stablecoin race, goes live with Coinbase, Mastercard, and Stripe event 1 actors in common · 2 news media