Plasma is an updated edition of Layer 1 blockchain designed specifically to settle stablecoins globally. Plasma is the first crypto chain emphasizing the most common usage of crypto, which is cheap and rapid value transfer, unlike general-purpose chains. Providing complete EVM compatibility with Reth, developers can smoothly deploy applications on existing Ethereum while PlasmaBFT provides sub-second finality that can be used in payments.
The main distinction of Plasma is a stablecoin-first construction. Additional functions such as gasless USDT transfers and being able to pay gas fees directly in stablecoins eliminate the friction among those who use the feature on a regular basis, along with institutions. This renders the usage of Plasma particularly appealing in high adoption ecosystems where the stable coins act as online ringing dollars.
The absence of intermediation is further enhanced by Bitcoin-based protocols, which enhance neutrality and censorship resistance, which are important attributes of financial infrastructure. Plasma will become a layer of the future of financial systems based on stablecoins by bringing together developer friendliness, performance optimized through payments, and security to an institutional standard.
