Everyone is trading cryptocurrencies, but few people have truly thought about a question—how should stablecoins actually operate.

If we understand stablecoins as a new generation of "digital cash," then what determines how far they can go is not how many can be issued, but whether the clearing and settlement systems are truly mature. Blockchain has solved the problem of "whether applications can run" in recent years, but many projects haven't fully thought through the basic need of "how to transfer money."

Plasma (XPL) approaches this from that perspective. It doesn't pursue a comprehensive infrastructure but focuses intensely on one direction—stablecoin settlement. It sounds conservative, but it's actually the most pragmatic. Think about it: there are only a few ways to play with stablecoins—transfers, payments, and fund circulation. These scenarios demand high speed, certainty, and low fees.

From a technical standpoint, Plasma uses sub-second deterministic consensus. That means a USDT transfer can be finalized in less than a second, without waiting for a pile of blocks to accumulate for security. This "certainty-first" approach aligns with traditional financial clearing logic and is more attractive for frequent operations.

The fee model is another highlight. Zero gas for USDT transfers, a gas design prioritized for stablecoins, allows users to operate without needing to prepare native tokens in advance. This is convenient for retail users and more meaningful for merchants and institutions—processes are controllable, and failure rates are low.

In terms of ecosystem compatibility, Plasma fully supports EVM. This means existing contracts and development tools can be used directly, with no additional migration costs.