XPL is very powerful

Currently, from the market and comprehensive information, the market has recognized that Tether has created two chains, one is STABLE, aimed at institutions, and the other is PLASMA, aimed at small payments or retail investors. The former is led by B Network, with Tether's BOSS as an advisor; the latter has very little personal investment, but one of the investors is the big shot Peter Thiel, suspected of being related to these resources. He has only invested in a few projects in the crypto space, one of which is PLASMA, along with other well-known projects like ARKM and RSR.

Since Tether and B Network are not publicly listed, they do not need to disclose many details, and the specific connections can only be guessed.

I used AI to make a guess: B Network led the investment in STABLE, and considering the financing is in the tens of millions, B Network's investment in STABLE and PLASMA is likely at the level of tens of millions of dollars.

Then, in B Network's shares, the two Tether BOSS's guess (since there is no public information, it can only be guessed) is that they should hold a significant portion, a larger ratio. Thus, B Network invested in stablecoins specifically for Tether, believing that Tether not doing a public chain has its reason - because the projects they invest in, even if there are compliance risks, are not directly related to Tether, but both profits and business serve USDT.

If what is mentioned above is reasonable, then Tether is valued at 500 billion, and the market assigns greater narrative and valuation to this tens of billions public chain is also reasonable. Because TRX's market value is in the hundreds of billions, mainly relying on the stablecoin business, while PLASMA's banner is actually to reclaim this business and profits. I think Tether has a chance if they go for it because Tether is very profitable. They could, for example, learn from CRCL, share a portion of the profits with the PLASMA chain, such as offering a 4% yield on the chain (currently their card offers 4% cashback on stablecoin spending, with a 10% yield, covering 150 cities), then the scale would rapidly grow, and once the TVL above increases, the market will gradually shift.

After issuing coins, there are 1.2 billion in deposits in the lending vault.

#XPL $XPL