When stablecoins become the core of a multi-trillion-dollar market, and traditional public chains cannot break through the bottlenecks of stablecoin transaction efficiency and costs, a high-performance Layer 1 blockchain designed specifically for stablecoins—Plasma—is reshaping the underlying logic of global currency flow with top-notch technology and an all-star team.
The birth of Plasma is ultimately the result of a top-tier team's collective effort, characterized by foresight in technology and in-depth practical experience. The core team, led by blockchain veterans Paul Faecks and Christian Angermayer, has gathered top technical talents from frontline fields such as cybersecurity, distributed systems, and fintech. The Chief Technology Officer has previously led the architecture of multiple high-load payment systems, and this team has been deeply engaged in the research and development of blockchain's underlying protocols for many years, possessing profound insights into the pain points of stablecoin transactions. By abandoning excessive compromises on general-purpose public chains, the team has fundamentally created extreme performance for the development of stablecoins: achieving an ultra-high throughput of over 1000, with block confirmation times of less than 1 second, and providing almost instantaneous payment experiences for global users with zero transaction fees for stablecoins like USDT.
Its strong technical strength has garnered attention from top global capitals and industry giants. Not only does it have the backing of top-tier investment institutions such as Founders Fund and Framework Ventures under Peter Thiel, but it has also received strategic support from core players in the ecosystem, including stablecoin giant Tether and the crypto exchange Bitfinex, with the final financing scale exceeding 400 million USD. Through deep collaborative cooperation with the team, it has laid a solid foundation for the large-scale rollout of stablecoins, covering more than 100 countries and supporting over 200 payment methods in a global network.
As the native identity of the Plasma ecosystem, XPL will not only carry the most fundamental consensus and secure underlying guarantees of the network but will also become the foundation of governance for the Plasma ecosystem. By staking XPL, participants can engage in node validation, earning corresponding protocol rewards, and also act as fuel for advanced operations such as smart contract execution and cross-chain bridging. Moreover, XPL possesses corresponding on-chain governance rights, allowing holders of XPL to truly achieve co-construction and sharing of the ecosystem through upgrades and parameter adjustments of the protocol. With its scientific token distribution mechanism, it retains 40% of the share for both developers and users, providing long-term growth momentum, while effectively ensuring a solid foundation for the stability of token value through a deflationary model.
From the innovative construction of Bitcoin's native cross-chain bridge to the balanced design of privacy transactions and regulatory compliance, and to the global rollout of PlasmaPay's decentralized payment applications, the Plasma team is using technology as a spear and ecology as a shield, promoting stablecoins from a 'niche tool' to 'global financial infrastructure.' The CEO of Tether once said: Plasma's secure, decentralized, and scalable architecture will provide crucial support for the large-scale application of stablecoins.
As we witness the wave of financial transformation sweeping the globe, our Plasma and XPL will witness together how stable currencies will bring more freedom and convenience to the flow of funds in the world!