Plasma is a new Layer 1 blockchain that is optimized to process stablecoin transactions, has a distinct combination of speed, security, and usability. Plasma provides flexibility to developers and near-instant finality on transactions by being Ethereum Virtual machine-compatible with Reth as well as having sub-second finalities using PlasmaBFT.
The network presents new functionality to stablecoins, such as gasless transfers of USDT and a stablecoin-first gas model, which makes the network very efficient in conducting daily transactions. This is further strengthened by Bitcoin anchoring which increases neutrality and censorship resistance.
Plasma focuses on customers in the retail markets with a high turnover of stablecoins as well as the payments and financial parts of the local institutions. Concentrating on practical utility and natural verification, Plasma hopes to do away with the manner in which stablecoins are moved, acquired, and employed and purpose itself as a practical and secure base of the emerging digital economy.