I think in next 6ish months the market is going to catch up massively to the stablecoin banking opportunity and it’s going to no longer be viewed as this niche crypto card market. I’m biased in believing this but it’s one of the most under appreciated opportunities in all of tech

Massive step for Plasma One: now finally live on Android. Android is ~70% of smartphones globally and 85–95% in the markets where stablecoins are used most. Non-custodial spending, with a card that works anywhere Visa does. iA

There have been a number of questions recently around XPL rewards on Plasma One, and we want to address them directly. XPL rewards distributed through Plasma One are not new emissions. XPL used for rewards have been purchased by the Foundation treasury and that will continue for future Plasma One rewards. More broadly, we’re fully committed to building Plasma around XPL and always have been. The development company is majority owned by the Foundation, and the entire team is directly aligned with the long-term success of XPL and nothing else. As Plasma One is currently in beta, these rewards represent a de minimis amount of total spend. As we scale up Plasma One, we are partnering with the best in the space to provide the most sustainable and robust rewards and earn products to our users. We are committed to a single asset framework and to ensuring that the team, investors, and community are aligned around that direction over the long term. As Plasma One wins, so too does XPL. More details on XPL's role across our product strategy is coming soon.

Today is a difficult day for Defi. We’re actively working with partners across the space to support the best possible outcome for users, not just on Plasma. Plasma Aave markets have no exposure to rsETH. User funds are not at risk from the rsETH exploit, both on Plasma's Aave instance and on Plasma One. USDT markets on Aave are currently at max utilization, so withdrawals are temporarily unavailable until more lenders provide liquidity or borrowers delever. There is no bad debt, and all deposits remain fully collateralized on Plasma.