Key notes
- Plasma joins over 25 blockchains in NEAR Intents’ on-chain liquidity pool with native token XPL and stablecoin USDT0.
- The integration leverages Plasma’s high-performance infrastructure backed by Framework Ventures, Bitfinex and Peter Thiel in a $24 million funding round.
- NEAR Intents processes significant USDT volume with 39% of cross-chain transactions involving Tether in the last 24 hours.
Plasma, a layer one (L1) blockchain purpose-built for stablecoins, has integrated NEAR Intents for high-volume stablecoin settlements and cross-chain trading, joining a list of over 25 other networks. Plasma became popular mainly thanks to the support of Tether and Peter Thiel, co-founder of PayPal, who focuses heavily on efficient USDT operations.
The integration was announced on January 23 with social media activity from Plasma and NEAR Protocol. With this, Plasma’s native token,
Plasma is now available on NEAR Intents.
Users can seamlessly trade over 125 assets on over 25 major chains to and from Plasma’s native XPL token.
Deposits and withdrawals of 0 USDT on @Plasma are also now supported through the NEAR Intents app. pic.twitter.com/R3yuuJwIFR
– NEAR Protocol (@NEARProtocol) January 23, 2026
In early 2025, Plasma raised $24 million in a private funding round led by Framework Ventures, with contributions from Bitfinex, Peter Thiel and Paolo Ardoino. Thiel was also named one of the project’s advisors, leveraging his expertise in co-founding PayPal.
Since then, the high-performance, purpose-built L1 has made significant strides in the crypto industry, as explained by Coinspeaker. In September 2025, they unveiled Plasma One, a stablecoin-native neobank and card system offering 10%+ returns and 4% cashback in 150 countries. Later in October, the project integrated Chainlink after reaching the milestone of $6 billion worth of stablecoins running on-chain.
What NEAR Intents unlocks for plasma
NEAR Intents is a cross-chain protocol developed by the NEAR-based Aurora team, which manages an MPC network of market makers called “solvers,” who read and resolve user intentions across different systems and chains. It would be the fastest growing cross-chain protocol in 2025 and has received relevant industry-level recognition, with honorable mentions and awards, as reported by Coinspeaker when the protocol surpassed $10 billion in total volume.
Data from Dune Analytics’ NEAR Intents dashboard shows that 39% of cross-chain volume over the past 24 hours belongs to transactions involving Tether’s USDT, Plasma’s primary focus. Additionally, the protocol had over half a million unique addresses in the last 30 days.
NEAR Intents channel data as of January 23, 2026 | Source: Dune Analytics Dashboard
By integrating – and being integrated by – NEAR Intents, Plasma leverages its high-performance infrastructure, backed by industry leaders, by connecting it to the broader crypto ecosystem and other leading blockchain networks and builder and user communities.
“Plasma builders can now integrate NEAR Intents directly into their products using the 1Click Swap API, providing users with seamless access to assets and unified liquidity across 25+ blockchain ecosystems,” the NEAR Protocol account on X wrote earlier on January 23.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Vini Barbosa has been covering the crypto industry professionally since 2020, summarizing over 10,000 hours of researching, writing and editing related content for media outlets and major industry players. Vini is an active commentator and avid user of technology, sincerely believing in its revolutionary potential. Topics of interest include blockchain, open source software, decentralized finance, and real-world utilities.
Vini Barbosa on X
