Stablecoins have quietly become the most solid bridge connecting traditional finance and the crypto world. The data speaks for itself: total supply surpasses $250 billion, with monthly transaction volumes reaching trillions of dollars. Behind this number lies an awkward reality — the mainstream blockchains that host stablecoins (such as Ethereum) were not originally designed for this purpose.

As a general-purpose smart contract platform, Ethereum's architecture is elegant yet versatile. But stablecoins require very simple features: high-frequency payments, low costs, and strong transaction certainty. The mismatch between these needs is the real reason behind the emergence of the Plasma project.

Unlike those public chains that dream of becoming the "world computer," Plasma has reversed its direction, focusing on a clear track — stablecoin payment settlement. It is backed by heavyweight industry players: Tether, Bitfinex exchange, Founders Fund, and other institutional support. This is not a coincidence but a precise grasp of market demand.

The project's ambition is clear: to build the underlying infrastructure for global stablecoin payments and settlements. It does not aim to replace existing public chains but focuses on one specific and urgent problem — solving payment settlement. From technical architecture to economic models and ecological planning, Plasma is developed around this core positioning. It is worth delving into the logic and advantages behind it.