#plasma $XPL @Plasma This is a new blockchain project led by the stablecoin giant Tether, with the core positioning to become a financial settlement layer specifically designed for USDT and Bitcoin.

· Core Features:

· Zero-fee USDT Transfers: Users can perform regular USDT transfers without paying Gas fees, making it highly attractive in small payment scenarios. Complex transactions will still incur fees, and the network maintains operations through this revenue.

· Bitcoin Sidechain: It uses Bitcoin as its ultimate settlement layer and is committed to introducing BTC into its ecosystem through trustless bridging technology to support low-slippage BTC/USDT exchanges and BTC collateralized lending.

· Built-in Privacy Features: Users can choose to enable privacy transactions, hiding information such as sender, receiver, and amount, and can opt for selective disclosure when necessary (e.g., in response to regulation).

· Business Motivation: An important goal for Tether in promoting this project is to reclaim the billions of USDT transaction fees currently earned by public chains like Ethereum and Tron back into its ecosystem. At the same time, this is a crucial step for Tether's strategic transformation from a pure stablecoin issuer to a global payment infrastructure operator.