Rhino.fi powers cross-chain deposits for Plasma One
Plasma One, the leading stablecoin neobank on Plasma, is live and scaling fast, and it is built on Rhino.fi to do one thing exceptionally well: turn a deposit from anywhere into a balance that is ready to use the moment it lands.
Plasma is the Tether and Bitfinex backed Layer-1 built around USDT. It launched with around $2B in stablecoin liquidity and has grown into one of the largest stablecoin chains by total value locked, with zero-fee USDT transfers and sub-second finality. But a neobank on any single chain faces the same hard truth: its users' money does not start there. It lives across Solana, Tron, Base, Arbitrum, Ethereum and more.
That gap, between where stablecoins sit and where the product needs them, is the deposit moment. Get it wrong and users stall before a balance is ever funded. Get it right and that first deposit becomes the first moment of activation. This is what Rhino.fi is built to own: not moving funds between chains, but making stablecoin deposits arrive predictable, usable and ready for the product, every time.
Plasma One integrated Rhino.fi to deliver exactly that. Using Rhino.fi's API and Smart Deposit Addresses, a PlasmaOne user gets a single deposit address that accepts stablecoins from any supported chain. Rhino.fi handles the routing, liquidity, settlement and compliance behind the scenes, and the funds settle into usable USDT on Plasma in seconds, ready to spend, hold or move inside the app.
Three reasons Plasma One chose to build on Rhino.fi at scale:
One deposit address, any chain. Users fund from wherever their money already lives, with no chains, routing or bridge steps for them to think about.
Balances that arrive ready to use. Rhino.fi's 1:1 USDC to USDT settlement means a deposit lands as the exact USDT balance expected, with no slippage surprises and predictable pricing. Activated into the product, not just moved onto the chain.
The full stack, handled. Rhino.fi owns the infrastructure behind the deposit, from liquidity and rebalancing to KYT screening on every inbound transaction, so PlasmaOne ships a flawless funding experience with nothing to build or operate.
The integration is already live in private beta, settling real user deposits into usable USDT on Plasma from Solana, Tron, Base, Ethereum and Arbitrum, with volume scaling week on week ahead of the public launch in June.
Next, coverage extends to further chains supported by Rhino.fi, including Optimism and BNB. With Plasma now a core supported chain in tether.wallet and positioned at the centre of Tether's 570M-plus user ecosystem, the deposit problem Rhino.fi solves only grows in value as that user base arrives.
“Stablecoins only work in daily life if moving money into the app is easy. rhino.fi has helped us make that true across supported deposit chains, so users can fund their Plasma One account and start spending their stablecoins.”
Murat Firat, Head of Product
"Stablecoin liquidity converges on Solana and Tron today, so for any payments product the ability to accept deposits from those chains is not a feature, it is vital infrastructure. The teams that get this right watch their single biggest point of deposit drop-off turn into one of their strongest growth levers. PlasmaOne is one of the teams genuinely pioneering what a stablecoin-native product can be, and we are proud to power that funding layer for them."
Lexi Short, Chief Growth Officer, Rhino.fi
Building a wallet, neobank or stablecoin app and need deposits to arrive usable from any chain? That is the problem we solve. Talk to us about Rhino.fi.
Plasma One, the leading stablecoin neobank on Plasma, is live and scaling fast, and it is built on Rhino.fi to do one thing exceptionally well: turn a deposit from anywhere into a balance that is ready to use the moment it lands.
Plasma is the Tether and Bitfinex backed Layer-1 built around USDT. It launched with around $2B in stablecoin liquidity and has grown into one of the largest stablecoin chains by total value locked, with zero-fee USDT transfers and sub-second finality. But a neobank on any single chain faces the same hard truth: its users' money does not start there. It lives across Solana, Tron, Base, Arbitrum, Ethereum and more.
That gap, between where stablecoins sit and where the product needs them, is the deposit moment. Get it wrong and users stall before a balance is ever funded. Get it right and that first deposit becomes the first moment of activation. This is what Rhino.fi is built to own: not moving funds between chains, but making stablecoin deposits arrive predictable, usable and ready for the product, every time.
Plasma One integrated Rhino.fi to deliver exactly that. Using Rhino.fi's API and Smart Deposit Addresses, a PlasmaOne user gets a single deposit address that accepts stablecoins from any supported chain. Rhino.fi handles the routing, liquidity, settlement and compliance behind the scenes, and the funds settle into usable USDT on Plasma in seconds, ready to spend, hold or move inside the app.
Three reasons Plasma One chose to build on Rhino.fi at scale:
One deposit address, any chain. Users fund from wherever their money already lives, with no chains, routing or bridge steps for them to think about.
Balances that arrive ready to use. Rhino.fi's 1:1 USDC to USDT settlement means a deposit lands as the exact USDT balance expected, with no slippage surprises and predictable pricing. Activated into the product, not just moved onto the chain.
The full stack, handled. Rhino.fi owns the infrastructure behind the deposit, from liquidity and rebalancing to KYT screening on every inbound transaction, so PlasmaOne ships a flawless funding experience with nothing to build or operate.
The integration is already live in private beta, settling real user deposits into usable USDT on Plasma from Solana, Tron, Base, Ethereum and Arbitrum, with volume scaling week on week ahead of the public launch in June.
Next, coverage extends to further chains supported by Rhino.fi, including Optimism and BNB. With Plasma now a core supported chain in tether.wallet and positioned at the centre of Tether's 570M-plus user ecosystem, the deposit problem Rhino.fi solves only grows in value as that user base arrives.
“Stablecoins only work in daily life if moving money into the app is easy. rhino.fi has helped us make that true across supported deposit chains, so users can fund their Plasma One account and start spending their stablecoins.”
Murat Firat, Head of Product
"Stablecoin liquidity converges on Solana and Tron today, so for any payments product the ability to accept deposits from those chains is not a feature, it is vital infrastructure. The teams that get this right watch their single biggest point of deposit drop-off turn into one of their strongest growth levers. PlasmaOne is one of the teams genuinely pioneering what a stablecoin-native product can be, and we are proud to power that funding layer for them."
Lexi Short, Chief Growth Officer, Rhino.fi
Building a wallet, neobank or stablecoin app and need deposits to arrive usable from any chain? That is the problem we solve. Talk to us about Rhino.fi.