Plasma + XPL: Building the Stablecoin Rail Plasma is making a direct bid to own the rails of the stablecoin economy. For context: Tron has been the largest USDT venue over the past decade, capturing fees and flows at scale. Plasma is a push to move upstream and monetize the settlement layer directly via L1. Comparable: Tron trades at ~3x Plasma’s FDV today. Its a user friendly design with gasless USD₮ transfers for payments, high-throughput settlement for DeFi, and a Bitcoin-linked security model anchoring trust. Launch: Today on multiple Tier 1 exchanges. Earlier this year, they raised on Sonar at ~$500M FDV, oversubscribed 10x (believe they are up 25x + crazy airdrops to even the wallets that did smol amts). To be clear: This is not “another L1” but a purpose-built stablecoin chain. With ~$300B stablecoins live today (USD₮ ≈ $173B) and forecasts topping $500B+ by 2027, Plasma’s wedge is clear: be the cheapest, fastest, and most compliant venue for dollar flows. my opinion:...
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