Plasma narrows the problem to one job: move dollars-like value with payment-grade finality, while keeping the developer surface area familiar through an EVM stack built around Reth.
Under the hood, PlasmaBFT is a pipelined Fast HotStuff variant, so confirmation is designed to arrive fast and deterministically — the kind of property checkout flows and treasury ops actually depend on.
On the user side, it targets friction directly: a tightly-scoped relayer system can sponsor direct USD₮ transfers (with controls), and the chain supports customizable gas tokens so “having the right coin for fees” stops being the onboarding gate.
Data points: Plasma has disclosed $24M raised, and Bitfinex publicly announced support for USDT0 on Plasma.
Recent update: on Feb 11, 2026, Plasma published a wallet-security guide aimed at stablecoins moving into everyday payments — a signal they’re thinking beyond “builders only.”
If Plasma wins, it’ll be by turning stablecoin transfers into something boringly reliable — the way real payment rails earn trust.
