Plasma:EVM compatible global stablecoin payment dedicated Layer 1 blockchain
In the context of stablecoin transaction volumes exceeding one trillion dollars and the continuous upgrade of global payment demands, Plasma emerges as a Layer 1 blockchain built specifically for high-capacity, low-cost stablecoin payments. It is deeply compatible with the EVM ecosystem, inheriting the flexibility of Ethereum smart contracts while specifically addressing the pain points of low payment efficiency and high costs in traditional public chains, redefining the underlying logic of global stablecoin circulation.
Core Technology: Dedicated architecture balancing compatibility and performance
Plasma is based on EVM compatibility and uses an improved Rust-based Reth engine, allowing developers in the Ethereum ecosystem to deploy DApps and smart contracts directly without needing to refactor their code. Common tools like MetaMask and Hardhat can also be seamlessly adapted.
Core Advantage: Zero fees + low threshold payment revolution
Plasma's most outstanding innovation is the protocol-level zero-fee USDT transfer mechanism, allowing ordinary users to complete stablecoin transfers without paying any fees, with transaction costs subsidized by the platform, completely eliminating the cost barriers for small payments. More flexibly, users can directly use whitelisted assets like USDT and BTC to pay gas fees without needing to hold additional native token XPL, significantly lowering the access threshold for global users. This “slow zero-fee + fast payment” dual-channel design meets the low-cost needs for daily transfers while also adapting to high-timeliness commercial settlement scenarios.
Ecosystem Layout: From capital endorsement to scenario implementation
With a clear positioning, Plasma has gained support from top institutions such as Bitfinex, Tether, and the founder's fund of Peter Thiel, accumulating over $400 million in financing. When the mainnet test version was launched, it had already integrated over 100 DeFi protocols, with stablecoin liquidity exceeding $2 billion.
Plasma envisions being the “Chrome of the stablecoin field” by optimizing technology and focusing on the ecosystem, truly making stablecoins the “global currency of internet speed.” With the continuous improvement of infrastructure, it is expected to form a differentiated competitive advantage in the global payment race, promoting stablecoins from the crypto ecosystem to broader daily applications.
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