It’s a Layer 1 built specifically for stablecoins, with one clear focus: making stablecoin transfers fast, cheap, and practical for real-world usage like payments and settlements.
What’s interesting is the progress they’ve made recently 👇
🔹 Deep liquidity + seamless swaps
Through integration with NEAR Intents, Plasma now supports settlement and cross-chain swaps across 125+ assets, with pricing close to centralized exchanges a big deal for large transfers and treasury movements.
🔹 Real merchant adoption
Enterprise payment processor Confirmo (processing $80M+ monthly) now supports Plasma.
Merchants can receive USD on Plasma with zero gas fees, removing friction that usually kills onchain payments.
🔹 Strong position in DeFi lending
Plasma currently shows one of the highest stablecoin supply/borrow ratios in Aave V3.
Across major protocols like Aave, Fluid, Pendle, Ethena, Plasma ranks #2 by TVL exposure, with the SyrupUSDT pool alone exceeding $200M.
🔹 Fluid integration
With Fluid live on Plasma, deep stablecoin liquidity is now available for payment rails, card issuers, and fintechs that need reliability at scale.
🔹 CoW Swap support
Users get MEV-protected swaps, gasless transfers, and built-in cross-chain routing all critical for stablecoin UX.
🔹 Global spending via Rain
Both users and businesses can now spend Plasma-based USD₮ at 150M+ merchants worldwide, bringing onchain dollars into everyday commerce.
The bigger picture:
Plasma is positioning itself as core stablecoin infrastructure, not just another chain.
If real payment volume continues to grow and integrations keep shipping, Plasma could become a serious player for emerging markets and cross-border finance.
The tech is there.
Now it’s all about real usage.