As one of the few large-scale stablecoin projects, can @Plasma rise in the future?
Let's take another look at #Plasma and see how it differs from other stablecoins:
To be honest, most Layer 1 projects are still figuring out how to help people trade air coins faster, but when projects like Plasma emerge, they present a stance of 'I want to smash the bank's bowl'.
If you are still struggling with who is the leader in the payment field, I suggest you take a look at Plasma's vigorous performance in the past six months.
Stablecoins with 0 fees, this thing has really come true.
In the past, transferring money on the chain often cost more than buying groceries. The most ruthless aspect of Plasma is that it has completely eliminated the transfer fees for stablecoins.
The PlasmaBFT architecture and Reth client behind it are not for show. Even if you are in a remote town in Southeast Asia, buying a cup of coffee through the well-integrated LocalPay will still be instant and with 0 commission.
This experience, to put it bluntly, is about forcibly cramming the performance of Web3 into the shell of Visa, but removing the layer of intermediaries.
The banker’s 'dimensionality reduction attack'
Take a glance at Plasma’s team roster, and you will find that they are not just a group of pure geeks. Goldman Sachs’ business acumen, Apple’s engineering DNA, along with the support of Tether's CEO and senior officials in the U.S. government.
This background determines that it is not just 'self-indulging' on-chain; it has truly bridged traditional finance. Currently, its stablecoin supply rate in Aave V3 is extremely high, and its deposit size has squeezed into the global top four.
Being able to accumulate $25 billion in TVL so quickly relies not on mysticism, but on the practical ability to convert stablecoins into 'energy credits' or 'cross-border settlements.'
Is XPL worth getting on board?
Its token is currently hovering around $0.14. Although the circulating supply is only about 20%, due to the burning mechanism of EIP-1559, as long as the wheels of global payments are turning, XPL will be consumed.
But we must also pour a basin of cold water: Plasma is like a 'giant stablecoin transfer station,' and its lifeline is tightly bound to Tether. If USDT encounters any disturbances, Plasma will definitely take the brunt of it.
That said, if you believe that the future of money is stablecoins, then Plasma, which has laid down the rails for a highway, is likely unavoidable.
So, brothers, should we get some spot? $XPL
