Stable coins run crypto
USDT moves billions every day
But transfers still feel messy
Tron is cheap but confusing
Bandwidth energy fees unpredictable
Solana is fast but congestion and complexity remain
Stable coins are still stuck on chains not built for them
That is why Plasma matters
Plasma is a Layer 1 designed for stable coin settlement
Full EVM compatibility
Sub second finality
Stable coin first execution
The biggest unlock is gas abstraction
Gasless USDT transfers
Fees paid in stable coins
Users do not need extra tokens
Plasma also anchors security to Bitcoin
More neutrality
More censorship resistance
But Plasma is still early
The ecosystem is mostly empty
Liquidity apps adoption are not here yet
For Tether the strategy is clear
Not just issuing USDT
Owning the settlement rails underneath
That is the long game
XPL has huge upside if Plasma wins
But risk is real
Execution adoption valuation all uncertain
Plasma is not another chain
It is a bet that stable coins deserve their own home
Tether may already be building for the next decade
