Plasma - Accelerating Stableconis
Stablecoins are the new payments.
We are entering an era where we are going beyond the catch-all blockchains and where purpose-built blockchains will continue to solidify themselves and win within their set category. Specializing in one thing and doing it very well have proven to beat being a jack-of-all-trades and master of none. Purpose-built blockchains are tailored for specific uses, offering efficiency and customization and we have seen the emergence of Hyperliquid that built their entire perpetual engine by themselves and then tailor-made a blockchain that was built to support that and future financial applications.
This is a much better approach than what we have seen before which is “build it and they will come” which clearly has been proven to not be true as hope is not a strategy.
Thus, we are now seeing the next iteration of Purpose-built blockchain which has the potential to steal significant market share going forward in the most lucrative market sector in the crypto industry.
Enter Plasma.
What is Plasma?
Plasma Foundation is developing a blockchain that seeks to redefine how money moves by addressing the inefficiencies of existing blockchains for stablecoin transactions. As a Bitcoin sidechain, Plasma combines the security and decentralization of Bitcoin with features tailored for stablecoins, such as zero-fee USD₮ transfers and high transaction throughput. Its full compatibility with the Ethereum Virtual Machine (EVM) allows seamless deployment of Ethereum-based smart contracts, making it attractive for developers and businesses. Plasma is positioned to capture a part of the growing stablecoin landscape and we are going to dive into why.