Plasma is an EVM chain specifically designed for stablecoins, with the goal of making USD₮ transfers incredibly fast and fees negligible. Currently, TPS is in the thousands, with block times in sub-seconds, and USD₮ transfers cost only 0.2 dollars. There are over 7 billion USD₮ in stablecoin deposits on-chain, making it the fourth largest USD₮ network globally. Impressive, right?

Key selling points: PlasmaBFT consensus is ultra-fast and has strong finality; USD₮ transfers incur 0 gas (paid by the foundation); supports stablecoins to use as gas; plus, it has native contracts and compliant confidential payments, making large cross-border transfers a breeze. In the future, a native Bitcoin bridge will be added to connect BTC and the EVM ecosystem directly.

Total supply of XPL is 10 billion, with 10% for public sale, 40% for the ecosystem, 25% for the team, and 25% for investors. Unlocking has a cliff, with PoS rewards and EIP-1559 burning fees, which is quite healthy. XPL can also promote ecosystem activities in addition to gas and staking.

With the support of Founders Fund, there are over 100 partners, connecting with more than 100 countries and over 200 payment methods globally. The Plasma One App allows for saving with interest, cashback on card use, and easy transfers, making it quite convenient for daily use.

Unlike other chains that want to do everything, Plasma has focused solely on the pain points of stablecoins from the beginning: speed, fees, compliance, and liquidity. It feels like a custom-built foundation for trillion-level stablecoin settlements, and it is likely to become a mainstream payment channel in the future. This project has a lot of potential; let's watch it develop. @Plasma $XPL #plasma