Subdoor Launch Delivers Subscription Industry to World's Unbanked

DePlan, a Solana-based project reimagining the global subscription economy, has expanded its product suite with the launch of Subdoor.

Designed to bring greater utility to Solana stablecoins, Subdoor promises to bring the world’s largest SaaS’ to over 2B unbanked users across the world.

How does Subdoor work and what could this app mean for the future of stablecoins?

What is Subdoor?

Subdoor, a new product from the DePlan team, is a creative application that enables users to pay for their favorite subscriptions using USDC. 

While using crypto to pay for things online is hardly a new concept, Subdoor has taken subscription payments to the next level. With Subdoor, users are able to use stablecoins to pay for subscriptions that don’t accept crypto payments.

Instead of paying for subscriptions natively, Subdoor creates a virtual credit card that can be used to pay for that specific subscription. Users deposit $USDC into the application, while services providers like X, Netflix, and Spotify receive the payment in fiat currency.

Subdoor is a welcome return to one of the cryptocurrency industry’s fundamental roots - banking the unbanked. The application makes the subscription services we know and love more accessible to a wider audience, who may have been excluded by conventional means.

Deplan Targets $2.6T Subscription Industry

Subdoor is a welcome addition to the Deplan ecosystem. Earlier this year, Deplan launched a subscription marketplace, a platform that enabled users to resell their unused subscription hours.

Deplan, and now Subdoor, aims to reimagine how we handle our subscriptions and disrupt one of the internet’s biggest industries, valued at over $2.6T. 

These two products champion accessibility and efficiency, connecting unbanked users with real-world applications using the Solana blockchain.

Subdoor to Expand Solana Stablecoin Utility

Beyond providing services to users in need across the planet, Subdoor also expands and promotes stablecoin adoption and utility on the Solana blockchain. 

Despite its thriving DeFi scene, Solana is arguably underserviced by its supply of stablecoins. While ranking 5th across all chains in terms of stablecoin market capitalization, Solana has one of the lowest Stablecoin Mcap/TVL rates among leading chains based on DefiLlama data.

Protocols like Subdoor and DePlan are critical to Solana’s growth. By providing services and tools with real-world applications, these applications help to expand Solana DeFi adoption beyond trading and investment.

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