The universe of the encrypted world has never been peaceful, from the blazing sun of $BTC to the brilliant star river of $ETH , while my son Plasma boasts the arrogance of a great emperor, confidently proclaiming after Tether, which occupies more than half of the stablecoin market, foresees the future of stablecoins.
1. Famous throughout the world
I remember when Plasma's native token XPL came with a massive financing of 72 million, along with Tether's financing, it was like a thunderclap in the crypto world, all eyes turned towards me, with 200,000 airdrops of 200 U each, deposit 1 U to get 10,000 U, paving the way with money, giving red envelopes is the best advertisement, this was the splendid debut of Plasma, strangers like jade, and the young master unmatched in the world.
Two, the asset stability brought by Tether's backing.
After XPL was listed on exchanges, it did not rush to do some embellishing things, but instead actively accumulated its USDT reserves through Tether. In the crypto world, security has always been the primary need. One must survive before discussing other matters. Proving the safety and strong accumulation of its ecosystem through stable USDT reserves gives enormous confidence in Tether and asset stability.
Three, the infinite energy brought by Tether.
As a high-performance public chain specifically for stablecoin transfers, achieving a global layout requires massive capital deployment. In the case of regular projects, they would have been crushed by this enormous financial pressure. At this time, the global liquidity brought by Tether provides a breakthrough solution:
1. Instant settlement through USDT: When conducting cross-border transactions using USDT, funds arrive quickly while saving on high cross-border remittance fees charged by banks.
2. Avoid regulation: In regions with high foreign exchange controls and inflation, such as Venezuela, one can convert fiat currency into USDT, which avoids crossing red lines while protecting assets from inflation.
3. Multi-chain compatibility: Tether supports multiple mainstream public chains, and the XPL wallet only needs one USDT address to accept USDT transfers from all chains, making it convenient and fast.
Four, in times of crisis Plasma is not short of backing.
Crises are not uncommon in the crypto world; carelessness can trigger a death spiral, ultimately leading to demise. In the recent bear market where it fell below 64,000, many projects may go bankrupt due to bank runs. The USDT reserve account of XPL also faced a bank run for withdrawals. In other projects, this might lead to disappearance, but Plasma has been able to navigate through it smoothly thanks to Tether's backing:
1. Public audit: Place Tether's reserve report prominently on the official website, with cash + short-term US Treasury bonds accounting for over 85% of a stable combination, reassuring users.
2. Take action to reassure market confidence: Plasma increased its USDT holdings by 1 billion USD, indicating the project's long-term operational plan.
3. Activate backup channels: Alleviate bank run pressure by ensuring that users' withdrawal funds are unaffected through a pre-deployed backup settlement system.
Five, steady and steady.
Now, Plasma has achieved 30 million users and covers 50 different public chains. The total locked value of its DeFi protocols has already jumped to the top three in the industry, solidifying its foothold in the market. All of this has been built on Tether's foundation. Of course, Plasma hasn't only focused on itself; with great power comes great responsibility. Plasma has established the XPL fund to support education in Africa. The market share of stablecoins has grown from 3 million USD in 2020 to 30 million USD in 2025, marking rapid development. This growth rate has brought enormous market opportunities, and Plasma is steadily advancing, expanding its influence by significantly reducing cross-border costs in emerging regions such as Vietnam.
Summary:
Currently, the market is not doing well, Bitcoin has fallen below 62,000, and XPL has even dropped below 0.1 USD. Next, we need to pay attention to the public offering price of 0.05. If XPL drops to the public offering price of 0.05, we can consider buying a portion at the bottom. With Tether's support, XPL should not just die easily. Of course, investment requires caution and does not constitute investment advice. In the current bear market, it is better to observe first; everyone seems a bit scared.
