Plasma's Pre-Launch Vault raised $500M in minutes. Why has a "Tether chain" garnered so much demand? Because current infrastructure isn't built for payments. @PlasmaFDN is building the blockchain for digital dollars. 🧵
The Full Plasma report covers much more including its architecture, ecosystem, and the rise of stablecoins.
1/ Stablecoins facilitate massive volume but transactions run on infrastructure designed for smart contracts, not payments. A true settlement network needs predictable fees, instant finality, and dedicated throughput. This is what Plasma aims to solve.
2/ Plasma is the first blockchain built for stablecoins, aiming to offer: • Zero-fee USDT transfers to make payments economically viable • Dedicated infrastructure to ensure predictable performance • Specialized design for payment flows instead of general computation
3/ How would Zero Fee Transfers work? Plasma's split-block architecture separates each block into two layers: one for fee-paying smart contracts, another exclusively for USDT transfers that bypass gas entirely. Both layers validate together but execute separately, so payments don't compete with other DeFi apps for blockspace. Note: This feature is still under active research and has not yet been implemented.
4/ Plasma's Architecture has Three Core Components: PlasmaBFT: Streamlined consensus mechanism optimized for payment speed over complex computation Bitcoin Anchoring: Leverages Bitcoin's security for censorship resistance without validator dependency EVM Compatibility: Existing Ethereum contracts deploy without changes Everything is built for stablecoins first.
5/ Stablecoin Marketshare Tron currently holds over 50% of Tether's $155B supply, consisting mainly of USDT transfers. If Plasma captures even 30% of global USDT velocity, Tron's blockspace demand could collapse with no fallback ecosystem. Other chains like Ethereum/Solana have diversified activity beyond stables, making them less vulnerable to this shift.
6/ The Market Opportunity for Stablecoins is Massive: The current stablecoin market cap is ~$230B and growing rapidly. Cross-border payments alone represent a $150T+ market still dominated by legacy rails that charge significant fees. As stablecoins evolve from trading tools to payment infrastructure, even capturing 0.1% of global payment volume would justify billions in network value.
7/ For millions around the world, stablecoins represent a hedge against hyperinflation, a form of savings, and a payment rail. For them, it's about easy access to a digital dollar. That is the true value behind stablecoins. Plasma is the thesis that stablecoins have grown large enough to justify infrastructure designed for them alone.
You can read the Full Plasma report here.
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