Plasma is a Layer 1 blockchain designed to establish and support the infrastructure for stablecoins required for a decentralised global financial system. Unlike general-purpose blockchains that serve a wide range of applications, Plasma is designed to offer a secure, scalable, and efficient platform for issuing and transferring stablecoins. By focusing on this specialised area, Plasma aims to address the unique challenges of price stability, cross-border payments, and financial inclusion, all of which are essential to the widespread adoption of digital currencies. The project operates on the Binance Smart Chain (BSC) network, leveraging its well-established ecosystem while developing its own distinct Layer 1 capabilities.


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