Plasma
Stablecoin-first L1 for zero-fee USDT transfers
About
Plasma is a Bitcoin-anchored, EVM-compatible Layer-1 purpose-built around USDT, backed by Tether and Bitfinex. It uses PlasmaBFT consensus, anchors state checkpoints to Bitcoin, and offers zero-fee USDT transfers, sub-second finality, and gas payable in stablecoins. Its XPL token launched with mainnet in late 2025, and it grew rapidly in stablecoin TVL into 2026.
Stablecoins
Key products
Chains
Related companies
Binance
World's largest crypto exchange by volume
Binance is the world's largest crypto exchange by trading volume and the dominant venue for USDT and FDUSD stablecoin pairs. It previously issued BUSD (via Paxos, wound down in 2024) and operates BNB Chain, a major stablecoin settlement network. It promotes FDUSD and yield products like its RWA-backed offerings.
Cash App
Block's payment app with USDC stablecoin support
Cash App is Block, Inc.'s mobile payments app with nearly 60 million monthly active users. In 2026 it rolled out USDC stablecoin send/receive across Solana, Ethereum, Polygon and Arbitrum, with received stablecoins auto-converting to dollars in a unified balance. The integration enables faster, cheaper cross-border transfers and remittances alongside its Cash Card spending product.
Coinbase
Largest US crypto exchange and USDC co-issuer
Coinbase is the largest US-listed crypto exchange and a primary stablecoin trading venue. It co-founded USDC with Circle via the Centre consortium and earns a share of USDC reserve revenue, while operating Base (its L2), Coinbase Wallet, custody and on/off-ramp services. In 2026 it is positioning around stablecoins, Base, and an 'everything exchange' strategy.
Crypto.com
Exchange, card issuer and Cronos chain operator
Crypto.com is a large consumer crypto exchange and card program operator. Its 2025 roadmap included launching its own stablecoin and filing for a Cronos ETF. It operates the Cronos chain and a widely used crypto Visa card program, making it a major stablecoin spending and trading venue.
Oobit
Tap-to-pay from self-custody wallets
Oobit is a Tether-backed payments app that enables tap-to-pay spending directly from self-custody wallets (MetaMask, Trust Wallet, Phantom and more) without top-ups, plus corporate cards powered by stablecoins.
Stripe
Global payments platform with native stablecoin checkout
Stripe is the dominant internet payments platform. After acquiring stablecoin infrastructure startup Bridge for ~$1.1B in early 2025 and stablecoin wallet firm Privy, Stripe rolled out native stablecoin acceptance: every Stripe merchant can accept USDC (and USDB) through standard checkout, and Stripe powers USDC payments for millions of Shopify merchants. It charges a flat ~1.5% on stablecoin transactions.