According to the Plasma engineering lead, they have joined Plasma and are leading the development of the flagship product Plasma One. They pointed out that as infrastructure such as account abstraction, fast settlement, and crypto payment cards gradually improves, the usability of crypto products is significantly increasing.
They believe that stablecoins, as a "new form of currency," possess characteristics like globalization, permissionlessness, and programmability, but the current user experience still lags behind traditional finance. Plasma One aims to bridge this gap, creating a user experience similar to a new type of digital bank.
Currently, Plasma One has entered a private testing phase. The team is accelerating product iteration and plans to open early access.