Why trillions is NOT a meme for $XPL: 🧵
1/ you simply can't overestimate the tether backing
tether just raised this week at $500 billion valuation making it one of the most valuable private companies on earth, plasma team is very close to tether with investment and alignment
while it's not exclusively "the tether chain" the synergy is undeniable, $175B+ of tether outstanding with continued growth plus tether coming onshore with USAT launch
all of this creates incredible tailwinds for plasma as preferred infrastructure.
having the most successful stablecoin issuer backing your stablecoin chain is like having microsoft backing your cloud platform
2/ the app-specific chain thesis
generalized chains are dying and plasma/hyperliquid prove why, hyperliquid built their own L1 for trading because ethereum couldn't handle the requirements
plasma built their chain specifically for stablecoins because existing rails were too expensive, apps will increasingly roll their own chains optimized for their use case and post state to main blockchain while giving nothing back to generalized platforms
this is the future of crypto infrastructure and plasma is early example of vertical-specific dominance
3/ the tokenomics flip
traditional chains charge high gas fees then struggle to monetize applications
stablecoin chains like plasma keep transaction fees near zero to compete with traditional payment rails, but monetize through the application layer instead
this creates forcing function to rapidly build partnerships and develop a rich ecosystem
plasma’s launching with 100+ defi integrations including curve/pendle/ethena plus their neobank plasma one offering 10%+ yields on stablecoin savings
4/ plasma one is the killer app
10% yield + 4% cashback on a mainstream stablecoin card is unheard of, especially w global spending w/ 150M+ merchants + 150 countries
breaks down barriers for people in developing countries who can't access quality banking products, essentially building wells fargo for the unbanked but on crypto rails
elmo is on the waitlist and expects this card to be VERY popular in first-world countries too, its simply a no-brainer, #1 card on the market
5/ why trillions isn't hopium
The US Treasury Department (not some VC) said stablecoins hitting $2 trillion by 2028; CoinFund managing partner thinks that's conservative and expects $1 trillion within a year.
Plasma launching 3-4 months ahead of competitors like Tempo/Circle gives a massive first mover advantage.
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