#plasma $XPL Recently, institutional friends have been discussing risk-averse asset allocation, with a combination of Bitcoin and stablecoins being the most stable. However, the cross-chain transfer of BTC to stablecoins has always been a pain point: centralized bridge risks are high, and decentralized bridges are expensive. Plasma's pBTC bridge uses a lightweight BTC client and multi-signature thresholds to achieve true trust minimization, ultimately benchmarked against Bitcoin.
On-chain data: the supply of pBTC has exceeded 500 million dollars equivalent, with a 12% growth in one week during the bear market, and daily bridge transfer volumes in the millions. Transaction fees are negligible, and the security rating far exceeds that of WBTC.
Compared to bridges like Threshold and Wormhole, Plasma directly anchors to the native security of BTC without needing third-party custody. With tighter regulatory scrutiny during the bear market, this bridge allows institutions to confidently convert BTC into on-chain stablecoins for value retention.
XPL price has been ranging from 0.09 to 0.10; once bridge usage increases, the burn rate will accelerate, and I think there is potential. Have you used the pBTC bridge? What was your experience like?
