Plasma White Paper Summary: Stablecoins lack a dedicated expressway. Current public chains for stablecoin payments always feel a bit off, with high fees, slow speeds, and cumbersome usage. Plasma has directly created a 'stablecoin-first' Layer 1, aiming to be the underlying settlement layer for digital dollars, making transfers as fast and seamless as internet browsing.

Technically, it uses PlasmaBFT consensus, modified from Fast HotStuff, with one-second confirmations and thousands of transactions per second; the execution layer is rewritten by Reth, fully compatible with EVM, allowing old contracts to be moved over easily. The best part is that USD₮ transfers can be zero gas (paid by the paymaster), and stablecoins can also be used to pay fees, with optional confidential transactions that can hide amounts and addresses, but can be revealed when needed.

Additionally, a native Bitcoin bridge has been created, minimizing trust, bringing BTC into the ecosystem for collateral and liquidity. There are a total of 10 billion XPL, with unlock and inflation rules that are reasonably written, and a burning mechanism for balance.

The white paper can even chat directly with LLM, which is quite interesting. Plasma aims to eliminate the broken tracks of traditional stablecoins, serving global remittances, trade settlements, and emerging market scenarios, seizing the trillion-dollar opportunity of digital dollars, showing considerable ambition. @Plasma $XPL #plasma