stablecoin

Circle e Tether dominano quasi l'85% del mercato delle stablecoin, consolidando la loro posizione di "duopolio" nella liquidità crypto

Il mercato delle stablecoin sta vivendo un livello di concentrazione sempre più evidente, con la maggior parte dell'offerta che finisce nelle mani di sole due grandi organizzazioni emittenti. I dati più recenti mostrano che Tether (USDT) e Circle (USDC) attualmente controllano fino all'84,8% dell'offerta totale di stablecoin a livello globale, affermando così una posizione quasi monopolistica nell'ecosistema delle criptovalute.

Plasma Chain is not trying to do everything.

It is built with a single, focused mission: to make stablecoin payments faster, cheaper, and more scalable than any existing blockchain.

At first glance, a common question arises:

If other blockchains already support stablecoin payments, why does Plasma need to exist?

The answer lies in how those blockchains operate.

The Problem With Existing Stablecoin Infrastructure

Most current blockchains were not designed specifically for stablecoin payments. As a result, they suffer from structural limitations:

• Stablecoin transfers require gas fees in native tokens

• Network congestion leads to slow confirmation times

• Scalability breaks down during peak usage

• Transaction costs rise when demand increases

Even industry leaders like Bitcoin and Ethereum face these constraints. When transaction volume spikes, networks become congested, fees surge, and settlement slows—sometimes taking minutes or longer.

For a system meant to support global payments, this is inefficient.

Plasma’s Solution: A Modern, Payment-First Blockchain

Plasma Chain was created to solve these issues from the ground up.

Instead of adapting old designs, Plasma introduces a modern architecture optimized exclusively for stablecoin transactions.

Key Advantages

1. Extreme Scalability

Plasma can handle a very high number of transactions simultaneously without congestion. Performance does not degrade during peak demand.

2. Near-Instant Settlement

Transactions execute in near real time, eliminating the long confirmation delays common on legacy chains.

3. PlasmaBFT Consensus

The network uses a specialized PlasmaBFT system, enabling fast finality and high throughput while maintaining efficiency.

Speed Without Sacrificing Security

Speed alone is not enough. Security remains critical.

Plasma addresses this by integrating Bitcoin anchoring.

Bitcoin is widely regarded as the most secure blockchain in existence. Plasma periodically anchors key network data to the Bitcoin chain, inheriting its security guarantees.

This approach delivers the best of both worlds:

• High-speed execution

• Strong security assurances

• Trust backed by Bitcoin’s immutable ledger

As a result, Plasma is designed to be fast, efficient, and secure at the same time—a rare combination in blockchain infrastructure.

Why This Matters for XPL

As stablecoins continue to dominate on-chain payments, infrastructure tailored specifically for them becomes increasingly valuable.

A blockchain built solely for stablecoin settlement naturally attracts:

• Payment providers

• Financial platforms

• Institutional users

• High-volume transaction flows

This growing utility directly benefits XPL, the native token of the Plasma Chain ecosystem.

While no outcome is guaranteed, Plasma’s focused design positions XPL as a project with significant asymmetric upside if adoption accelerates.

Final Thoughts

Plasma Chain is not competing to be a general-purpose blockchain.

It is positioning itself as core payment infrastructure for the stablecoin economy.

In a market moving toward real-world utility, specialization matters.

Plasma is betting on that future.

#Plasma #XPL #stablecoin #BlockchainInfrastructure #CryptoPayments

Stablecoins have become a foundational pillar of the crypto ecosystem. They power remittances, trading, on-chain liquidity, and everyday digital payments. However, most existing blockchains were not originally designed to support high-volume, low-cost stablecoin transfers at scale.

Plasma addresses this gap as a payment-optimized Layer 1 blockchain, focused on speed, scalability, and usability for stablecoin infrastructure.

Designed Specifically for Payments

Plasma is an EVM-compatible Layer 1 built with a clear priority: global stablecoin settlement.

Unlike general-purpose blockchains that balance many competing use cases, Plasma optimizes for:

Fast transaction finality

High throughput

Low operational friction

Seamless user and developer experience

The network is particularly optimized for USDT payments, enabling frictionless transfers and improving suitability for real-world financial use cases.

Key native features include:

Zero-fee USDT transfers

Support for custom gas tokens

A trust-minimized Bitcoin bridge

PlasmaBFT: Fast and Resilient Consensus

Plasma runs on PlasmaBFT, a consensus mechanism based on Fast HotStuff.

This design allows ordering, voting, and confirmation processes to run in parallel, significantly reducing latency and enabling transaction finality within seconds. Such fast settlement is critical for payment systems, where delays directly impact usability.

PlasmaBFT is also fault-tolerant, maintaining security even if a portion of validators are offline or behaving incorrectly.

EVM Execution and Developer Accessibility

Transaction execution is powered by Reth, a Rust-based Ethereum client. By separating execution from consensus, Plasma improves performance and modularity while retaining Ethereum compatibility.

Developers can:

Deploy Solidity smart contracts

Use standard Ethereum tooling

Migrate existing applications with minimal changes

This lowers the barrier for building payment, DeFi, and settlement applications on Plasma.

Zero-Fee USDT Transfers and Flexible Gas Design

One of Plasma’s defining features is zero-fee USDT transfers.

Through a protocol-level paymaster system maintained by the Plasma Foundation, everyday USDT transactions incur no gas costs. More complex operations still follow traditional fee models, preserving economic sustainability.

Plasma also supports custom gas tokens, allowing approved ERC-20 tokens or stablecoins to be used for transaction fees. This flexibility improves onboarding and reduces friction for high-volume payment applications.

Confidential Payments (In Development)

Plasma is developing a privacy-enhancing payments module that enables stablecoin transfers with obscured transaction details—such as amounts and recipients—while remaining compatible with existing wallets and applications.

The goal is to balance:

Privacy

Performance

Regulatory considerations

without introducing unnecessary complexity.

Trust-Minimized Bitcoin Bridge

Plasma includes a native Bitcoin bridge that allows BTC to interact directly with smart contracts.

Deposited BTC is verified by a decentralized set of independent verifiers, which mint pBTC, a 1:1 BTC-backed token usable across Plasma applications. When users withdraw, pBTC is burned and the original BTC is released—without relying on custodial wrappers.

This enables Bitcoin liquidity to participate in payments, DeFi, and cross-chain use cases securely.

XPL Token Utility

XPL is the native token of the Plasma network, supporting:

Validator staking

Transaction fees

Network security

Validators stake XPL to participate in consensus and earn rewards. In the case of dishonest behavior, rewards are slashed rather than principal, balancing security with capital efficiency. Token holders can also delegate XPL to validators and earn a share of rewards without operating infrastructure.

Adoption and Distribution

In September 2025, Binance included XPL in its HODLer Airdrops program, distributing 75 million XPL tokens to eligible users during a snapshot period. This helped bootstrap adoption and liquidity while aligning token distribution with long-term network participation.

Conclusion

Plasma is a specialized Layer 1 blockchain designed for stablecoin payments at scale.

By combining:

Zero-fee USDT transfers

Fast finality via PlasmaBFT

EVM compatibility

Custom gas tokens

A trust-minimized Bitcoin bridge

Plasma focuses on real-world payment infrastructure rather than speculative experimentation.

For developers, institutions, and users seeking efficient on-chain settlement, Plasma offers a pragmatic and scalable foundation for the future of digital finance.

#Plasma #XPL #stablecoin #Layer1 #CryptoPayments

Nell'attuale panorama del 2026, la conversazione attorno alla blockchain è passata dalla pura speculazione a un'utilità tangibile e reale. Al centro di questa evoluzione c'è @Plasma a blockchain Layer-1 ad alte prestazioni che non cerca di essere "tutto per tutti." Invece, ha padroneggiato una nicchia specifica e massiccia: diventare il livello di regolamento definitivo per le stablecoin.
Perché Plasma si distingue
Le reti tradizionali spesso affrontano il "problema del gas"—l'attrito di avere bisogno di un token nativo solo per spostare un asset stabile. Plasma risolve questo attraverso il suo innovativo sistema di paymaster a livello di protocollo. Questo consente agli utenti di godere di trasferimenti USDT senza commissioni, rendendo i dollari digitali facili da inviare come un messaggio di testo.

Uno dei raid sui beni digitali più grandi nella storia delle criptovalute, dimostrando che le stablecoin non sono più 'immuni' davanti alla legge.
L'obiettivo della campagna: il 'boss' delle scommesse illegali.

Secondo le informazioni degli accusatori turchi, il valore dei beni congelati sarebbe attribuibile a Veysel Sahin – la figura accusata di essere dietro una rete di gioco d'azzardo illegale che opera su scala internazionale.