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Stablecoin payments infrastructure

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Project Overview

Plasma is a Layer 1 blockchain purpose-built for global stablecoin payments. It combines high throughput, stablecoin-native features, and full EVM compatibility, giving developers the foundational infrastructure to build next-generation payment and financial applications. It also supports customizable gas tokens, zero-fee USDT transfers, and private payments.

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stablecoin yield infrastructure Osero completes $13.5 million funding round, led by Sky Ecosystem

Odaily Odaily reports, stablecoin yield infrastructure project Osero announced the completion of a $13.5 million funding round, led by Sky Ecosystem, with co-leading from Plasma. Participating investors include RedStone, The Rollup, Kairos Research, as well as several crypto institutions and industry executives such as Joe Flanagan and Lorenzo Romagnoli. Osero was co-incubated by Stablewatch and Soter Labs, a governance and operations institution associated with the Sky Ecosystem. The project focuses on building savings and yield infrastructure around the Sky stablecoin system USDS and its yield-bearing asset sUSDS. It is reported that the funding round was initiated in December 2024 and completed in March 2026, utilizing a SAFT structure for issuance. The valuation was not disclosed. (The Block)

Plasma Team Allegedly Deposits 150 Million XPL Tokens Worth ~$9.64 Million to Binance

According to on-chain analyst Onchain Lens (@OnchainLens), the Plasma team appears to have deposited 150 million XPL tokens—valued at approximately $9.64 million—into Binance five hours ago. The receiving address is suspected to be associated with the Plasma team, but no official statement has yet been issued by Plasma.

Spark: Tightening Collateral Scope Leads to Business Loss but Ensures Liquidity Safety

According to monetsupply.eth, Spark’s Strategy Lead, in a post on X, Spark has long maintained a relatively high borrowing interest rate cap for its SparkLend ETH market. Although this policy caused many users to migrate to Aave—resulting in substantial loss of business and revenue—the current market liquidity crisis has validated the prudence of this strategy. Presently, Aave is experiencing severe liquidity shortages across multiple chains—including Ethereum Mainnet, Arbitrum, Polygon Plasma, Mantle, and Base—with ETH borrowing utilization reaching 100%. This has prevented depositors from withdrawing funds and hindered normal liquidation of ETH collateral. He warns that if the current liquidity crunch persists, a 15–20% drop in ETH’s price could expose Aave to widespread bad debt—compounded by the potential impact of the rsETH vulnerability incident.

Plasma financial product Plasma One is now live

Plasma has announced the launch of its innovative banking financial product, Plasma One.

Binance Wallet Launches Web3 API, Enabling Developers to Programmatically Access On-Chain Trading and Market Data

Odaily News, According to an official announcement, Binance Wallet has launched the Web3 API, a comprehensive set of API endpoints that allows developers, institutions, and advanced on-chain traders to programmatically access on-chain trading and market data through a single integration. The API supports multiple chains (including Ethereum, BNB Smart Chain, Plasma, Arbitrum, Polygon, Base, Monad, Optimism, Linea, and Solana), providing real-time market data, aggregated swap quotes, and on-chain transaction execution capabilities. Key features include: Market Data API (real-time token prices, candlestick/K-line data), Transaction API (aggregated quotes, token swaps, built-in MEV protection), Non-Custodial Architecture (no private key holding, local user signing), and Enterprise-Grade Reliability. Currently, there are zero service fees and zero positive slippage fees; all price improvements are returned to the user. This API is suitable for developers building DApps, on-chain trading bots, and AI agents.

Kelp to Discontinue rsETH Cross-Chain Support on 20 Networks

: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.

Binance to Delist 12 Spot Trading Pairs, Including ENA/BTC and MAGIC/BTC, on May 8

According to the official announcement, Binance will delist and cease trading for the following spot trading pairs on May 8, 2026, at 03:00 UTC: AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD. At that time, Binance will also terminate its Spot Trading Bot service for these trading pairs. Users must update or cancel their bots before the service discontinuation to avoid potential losses. Delisting these trading pairs does not affect the availability of the corresponding tokens in other trading pairs on Binance.

Ramp will allow payments and consumption using stablecoin channels via Plasma

According to market news, Ramp, backed by Peter Thiel, will allow payments and consumption using stablecoin channels via Plasma.

Spark: Tightening Collateral Scope Leads to Business Loss but Ensures Liquidity Safety

According to monetsupply.eth, Spark’s Strategy Lead, in a post on X, Spark has long maintained a relatively high borrowing interest rate cap for its SparkLend ETH market. Although this policy caused many users to migrate to Aave—resulting in substantial loss of business and revenue—the current market liquidity crisis has validated the prudence of this strategy. Presently, Aave is experiencing severe liquidity shortages across multiple chains—including Ethereum Mainnet, Arbitrum, Polygon Plasma, Mantle, and Base—with ETH borrowing utilization reaching 100%. This has prevented depositors from withdrawing funds and hindered normal liquidation of ETH collateral. He warns that if the current liquidity crunch persists, a 15–20% drop in ETH’s price could expose Aave to widespread bad debt—compounded by the potential impact of the rsETH vulnerability incident.

Related news

Plasma financial product Plasma One is now live

Plasma has announced the launch of its innovative banking financial product, Plasma One.

Binance Wallet Launches Web3 API, Enabling Developers to Programmatically Access On-Chain Trading and Market Data

Odaily News, According to an official announcement, Binance Wallet has launched the Web3 API, a comprehensive set of API endpoints that allows developers, institutions, and advanced on-chain traders to programmatically access on-chain trading and market data through a single integration. The API supports multiple chains (including Ethereum, BNB Smart Chain, Plasma, Arbitrum, Polygon, Base, Monad, Optimism, Linea, and Solana), providing real-time market data, aggregated swap quotes, and on-chain transaction execution capabilities. Key features include: Market Data API (real-time token prices, candlestick/K-line data), Transaction API (aggregated quotes, token swaps, built-in MEV protection), Non-Custodial Architecture (no private key holding, local user signing), and Enterprise-Grade Reliability. Currently, there are zero service fees and zero positive slippage fees; all price improvements are returned to the user. This API is suitable for developers building DApps, on-chain trading bots, and AI agents.

Plasma Team Allegedly Deposits 150 Million XPL Tokens Worth ~$9.64 Million to Binance

According to on-chain analyst Onchain Lens (@OnchainLens), the Plasma team appears to have deposited 150 million XPL tokens—valued at approximately $9.64 million—into Binance five hours ago. The receiving address is suspected to be associated with the Plasma team, but no official statement has yet been issued by Plasma.

Kelp to Discontinue rsETH Cross-Chain Support on 20 Networks

: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.

stablecoin yield infrastructure Osero completes $13.5 million funding round, led by Sky Ecosystem

Odaily Odaily reports, stablecoin yield infrastructure project Osero announced the completion of a $13.5 million funding round, led by Sky Ecosystem, with co-leading from Plasma. Participating investors include RedStone, The Rollup, Kairos Research, as well as several crypto institutions and industry executives such as Joe Flanagan and Lorenzo Romagnoli. Osero was co-incubated by Stablewatch and Soter Labs, a governance and operations institution associated with the Sky Ecosystem. The project focuses on building savings and yield infrastructure around the Sky stablecoin system USDS and its yield-bearing asset sUSDS. It is reported that the funding round was initiated in December 2024 and completed in March 2026, utilizing a SAFT structure for issuance. The valuation was not disclosed. (The Block)

Binance to Delist 12 Spot Trading Pairs, Including ENA/BTC and MAGIC/BTC, on May 8

According to the official announcement, Binance will delist and cease trading for the following spot trading pairs on May 8, 2026, at 03:00 UTC: AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD. At that time, Binance will also terminate its Spot Trading Bot service for these trading pairs. Users must update or cancel their bots before the service discontinuation to avoid potential losses. Delisting these trading pairs does not affect the availability of the corresponding tokens in other trading pairs on Binance.