Plasma is a Layer 1 public chain focused on the stablecoin ecosystem, supported by Tether and Bitfinex. It is designed to build a financial settlement layer for Bitcoin and a global settlement network for US dollars on-chain. Its architecture adopts the PlasmaBFT consensus mechanism, anchoring to the Bitcoin mainnet to inherit the security model, and achieving seamless access to BTC through a native cross-chain bridge, while natively integrating USDT for deep liquidity support. Technically, it achieves full EVM compatibility, supports zero-cost migration for existing DApps, and reaches thousands of TPS upon mainnet launch, with the potential to scale to tens of thousands of throughput.
The core advantages are significant: first, zero-fee efficient payments, with USDT basic transfers exempt from Gas fees, suitable for cross-border remittances and high-frequency payment scenarios, solving the issue of fee volatility in traditional public chains; second, privacy compliance is balanced, with a built-in shielding transfer function that supports selective disclosure of transaction details, balancing privacy protection and regulatory needs; third, ecological synergy advantage, allowing payments in USDT/BTC without holding native tokens, lowering user thresholds; fourth, precise scenario positioning, focusing on stablecoin settlement, BTC staking and lending needs, interfacing with institutional payments and the DeFi ecosystem, with the potential to capture trillions of dollars in stablecoin flow, becoming a key infrastructure connecting traditional finance and the crypto world.