The stablecoin market has already expanded to a scale of $245 billion, and digital dollars have long become the standard for cross-border payments. It sounds impressive, but what about user experience? A single USDT transfer on Ethereum can cost 5-10 dollars in fees, and network congestion can push these costs through the roof—who can bear that?

The root of the problem is quite painful—stablecoins have become "second-class citizens" on the general-purpose public chains, relying on others' ecosystems, which naturally makes transactions expensive and slow.

Recently, a new Plasma chain has emerged with a different idea: instead of following others, why not create a dedicated high-speed highway just for stablecoins? The name sounds a bit wild, but the backing team is serious—Paolo Ardoino, the head of Bitfinex and Tether, is supporting it, and even top investors like Peter Thiel have joined.

Just looking at the funding achievements shows how eager the market is for this solution: in July this year, they raised $373 million, with a 7x oversubscription. The rapid influx of funds indicates that the big players are truly fed up with the current situation.

What is the most exciting promise of Plasma? Zero-fee USDT transfers. Don’t misunderstand—this isn’t temporary subsidies or marketing gimmicks; it’s built into the chain’s core design. You don’t need to accumulate its native token for gas fees; transferring USDT is genuinely zero cost.

How big is the experience gap? In the past, you had to first hold some ETH to pay miners, which was complicated and tiring. Now, it’s as simple as sending a WeChat red envelope—enter the amount, click confirm, and done. This transformation is like a different world for those who frequently do cross-border payments or on-chain transactions.