Putting aside the 300 million financing, Plasma (XPL) is addressing the most anti-human "buying road money" pain point in Web3 payments. We keep shouting "Mass Adoption," but we must admit that forcing outsiders to buy some ETH to pay for Gas in order to transfer USDT is the biggest barrier hindering capital entry. The brilliance of Plasma (XPL) lies in the fact that it does not get caught up in the elusive TPS data; instead, it abstracts Gas—directly allowing fees to be paid with stablecoins—hitting the nail on the head of the payment track. This is not only a technical cleverness but also resembles the dedicated highway laid out by Tether to solidify its position as the “digital dollar.” With the integration of Pendle, it upgrades simple "payments" into a "yield + payments" PayFi closed loop, which allows capital to generate returns even while in circulation. Perhaps this is its true backing for carrying a financing amount of 373 million dollars: it is not betting on the rise and fall of coin prices, but on the ultimate victory of stablecoins as a form of currency.

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