Plasma: The Blockchain Challenging DeFi’s Stablecoin Status Quo
Plasma is a new Layer 1 blockchain, distinct from the older Ethereum scaling solution, purpose-built for stablecoin transfers. It aims to offer zero-fee USDT transactions and lightning-fast settlement by leveraging Bitcoin’s security and an EVM-compatible environment. The project recently garnered immense attention, raising $1 billion in stablecoin deposits for its XPL token public sale, valuing the network at $500 million...