Plasma’s risk isn’t speed or security. It’s dependency. By using one dominant stablecoin for settlement, gas, and value storage, the chain ties its economic liveness to issuer behavior it cannot control. Blocks can finalize, Bitcoin anchoring can hold, yet the economy can freeze if transfers are paused or throttled off-chain. That means Plasma can remain technically secure while becoming economically unusable. The real constraint isn’t consensus, it’s issuer permission—and that’s where the system’s fragility lives.
XPL
Alpha
0.087575
+9.47%