#plasma $XPL Plasma @Plasma is a Layer 1 blockchain designed specifically for stablecoins, with the main goal of making stablecoin transfers more efficient and cost-effective, suited for scenarios such as cross-border payments and settlements.

Recent key developments:

1⃣ Integration with NEAR Intents: Supports on-chain large-scale settlements and cross-chain exchanges for over 125 assets, with prices close to centralized exchange levels.

2⃣ Confirmo connects to Plasma: This enterprise payment platform, which processes over $80 million monthly, now supports merchants receiving USD on Plasma with zero Gas fees.

3⃣ Leading position in the lending market: According to data, Plasma has the highest stablecoin supply/borrowing ratio in the Aave V3 market and ranks second in TVL among protocols like Aave, Fluid, Pendle, and Ethena. The SyrupUSDT pool exceeds $200 million.

Overall, Plasma aims to be part of the stablecoin infrastructure, addressing the high costs and slow speeds of traditional on-chain transfers, especially suited for emerging markets and cross-border scenarios. Whether it can sustain growth in the future depends on real payment volume and the realization of more integrations.