Plasma Secures VASP License in Europe: Expanding Stablecoin Payments Across the Continent

Plasma has taken a significant step toward becoming a major player in the European stablecoin market by securing a Virtual Asset Service Provider (VASP) license. This authorization grants them permission to operate within the EU, enabling the creation of a regulated, stablecoin-based payment stack that can settle transactions, manage custody and eventually provide card issuance across the bloc. 2023 marks a crucial moment in the transition towards stablecoin adoption as regulatory clarity aligns with market demands.