In the world of digital currencies, stablecoins have become one of the most widely used and valuable applications, with a market value exceeding tens of billions of dollars. However, most current networks (like Ethereum and Tron) were not originally designed to meet the needs of everyday payments with stablecoins, leading to relatively high fees, confirmation delays, and a complicated user experience. This is where Plasma comes in — a Layer 1 blockchain launched in September 2025, specifically designed to be the ideal infrastructure for stablecoins, especially USDT (Tether). The project is known as "Stablecoin infrastructure for instant payments," featuring a set of unique characteristics that make it a strong competitor in the digital payments market. Key features of Plasma: Zero-fee USDT transfers: USDT can be sent instantly without any gas cost on the network, which is an unprecedented feature widely available in Layer 1 blockchains.
Full compatibility with EVM: supports all smart contracts and applications written for Ethereum without the need to modify the code.
High performance: achieving over 1000 transactions per second with a confirmation time of around one second, thanks to the PlasmaBFT consensus mechanism (derived from Fast HotStuff).
Support for custom gas tokens: allows paying gas fees with currencies other than the native token, increasing flexibility.
An integrated bridge with Bitcoin: allows the use of BTC within smart contracts on the network.
Built-in privacy: supports confidential transactions to enhance privacy in payments.
The native token of the network is XPL, used for securing the network through Staking (Proof-of-Stake).
Validators' rewards
Paying complex transaction fees (not simple transfers of USDT)
Governance in the future.
