Naqvi obserwował wczesny szum wokół Plazmy z mieszanką ekscytacji i sceptycyzmu. To, co wyróżnia się, to fakt, że Plasma nie buduje tylko kolejnego łańcucha inteligentnych kontraktów — stara się przekształcić stablecoiny (takie jak USDT) w użyteczne cyfrowe pieniądze. A dzięki partnerstwom handlowym, takim jak Żółta Karta i BiLira, istnieje ścieżka od płynności on-chain do codziennego użytku.
Weź Żółtą Kartę: znana z infrastruktury płatności i on/off-ramp dla stablecoinów w wielu afrykańskich i wschodzących korytarzach rynkowych. Plasma podobno uwzględniła Żółtą Kartę jako partnera płatniczego — co oznacza, że przekazy pieniężne lub płatności denominowane w stablecoinach (na Plasma) mogłyby być przekształcane w lokalną walutę lub odwrotnie dla użytkowników na odpowiednich rynkach. Dla Naqvi to ogromna sprawa, ponieważ przekształca stablecoiny z „aktywa DeFi” w „substytut prawdziwej gotówki.”
Then there’s BiLira — a regional stablecoin (Turkish-lira pegged via BiLira) that’s also listed among Plasma’s payment-rail partners. The implication: Plasma isn’t just chasing “dollar stablecoin rails” — it’s thinking local, regional, adaptable to currency-diverse geographies. That kind of flexibility could matter a lot in emerging markets or regions with unstable fiat — giving people a way to preserve value or transact across borders.
Of course, for merchant rails to work, back-end infrastructure must be strong. Plasma launched its mainnet beta on Sept 25, 2025, with more than $2 billion in stablecoin liquidity locked, and integrations with major DeFi protocols like Aave, Ethena, Euler and others. That gives the project financial weight and liquidity depth — promising for merchants, payment gateways, or remittance services considering adoption.
Plasma also promises zero-fee USDT transfers (on its dashboard, for now) and an EVM-compatible architecture — meaning existing smart contracts and developer tools can plug in without reinvention. If merchants and consumers benefit from near-zero transaction friction, there’s a real chance stablecoin payments can begin to approximate “normal” fiat transfers in terms of convenience.
From a market perspective, the hype around XPL reflects this potential. Plasma’s public sale was massively oversubscribed (≈ $373 million vs. a $50 million target) — showing investor faith in the stablecoin-first + payments-rail model. Meanwhile, as stablecoin-native chains begin to compete, Plasma’s combination of compliant payment rails, global liquidity, and merchant outreach could give it an edge over purely DeFi-focused chains.
But — Naqvi knows — big questions remain. Merchant rails require adoption at scale: real users, real spending, and reliable local integration. For instance, retail-user focus of partners like Yellow Card seems slowing or shifting: Yellow Card recently reportedly ended many retail operations to focus on enterprise clients. That sort of pivot shows how fragile the retail-payment adoption path can be.
Still, Naqvi’s gut tells her there’s real promise: if Plasma can deliver stablecoin-native infrastructure, with payment-gateway partners like Yellow Card and regional rails via BiLira — and pair that with zero-fee transfers, deep liquidity, and broad DeFi integrations — this could be one of the first serious attempts at turning crypto stablecoins into usable everyday money. If a story like “Send USD₮ on Plasma → spend via Yellow Card in Africa” or “Use BiLira-backed stablecoins on Plasma for cross-border payments in Turkey and beyond” catches fire — it might just trend hard.