Actually, after many years, I see a great fatigue in the crypto community. We talk about decentralization, about fairness, about money not being controlled. But looking back, the benefits from investments—especially in infrastructure—often only flow in one direction: Funds, large organizations, early developers.
End users, those who actually invest and create activity, often only receive one thing: High transaction fees, a convoluted experience, and ultimately a dilution of value.
I am tired of the scene where benefits are not shared fairly. Cryptocurrency has matured to the point of becoming a huge "dark dollar system," but the payment experience still stops at the level of "engineer's toy."
Until I started using Plasma systematically, a chain designed specifically for Stablecoin payments. I realized there is a real team trying to push "on-chain dollars" onto a regulatory compliance highway, not just telling stories within the crypto community.
What I appreciate about Plasma is their vision does not stop at being another "high TPS public chain" (high transaction throughput). They are positioning themselves as a "Stablecoin infrastructure company."
• Stepping outside the borders: Recently, their acquisition of an entity in Europe with a VASP (Virtual Asset Service Provider) license and preparation to apply for other licenses under MiCA regulations.
To put it simply: In the future, using Stablecoin for cross-border payments, salary payments, or collections for businesses may no longer have to go through traditional banks. Instead, it will be through a licensed network, more like a bank, but the foundation remains on-chain payments and self-custody wallets.
For end users like myself, this means compliance risk—something that often makes large organizations hesitant—has been addressed by Plasma, opening the door for larger and more sustainable cash flows to come in, reinforcing benefits for token holders.
If regulation is the "invisible protective barrier," then Plasma One is the layer of benefits that ordinary users can see and touch.
• Native digital bank Stablecoin: Plasma One is positioned as a global neobank (new digital bank) where you can do everything: send, spend, transfer, and earn profits all within a single app. Accompanied by a Visa card usable at over 150 million stores in 150 countries.
Real-life experience: When I deposit Stablecoin on-chain into it, the biggest change is: Stablecoin is no longer an asset "lying still to earn yield." It is connected to my daily life—online payments, coffee, hotels. The numbers in my wallet start to feel like a "real wallet," not just a DeFi dashboard.
• Designed for Stablecoin: Plasma One is designed around Stablecoin users. It allows you to hold Stablecoin, earn interest from yield accounts, and spend with a card. All payments run on the Plasma chain, taking advantage of high speeds (over 1000 TPS) and completing transactions in under a second, making daily small payments extremely smooth.
This combination of "Front-end Web2, Back-end Web3" allows outsiders to crypto to accept it naturally. And that’s what I find satisfying because it brings the benefits of crypto out of the closed circle.
Benefits flowing in one direction are often due to the fee structure of the intermediary system. Plasma is changing that.
• Nearly zero fees: Plasma emphasizes fee-free USD₮ transfers at the protocol level. Combined with a foundational architecture capable of handling extremely large transaction volumes, the marginal cost for on-chain payments is nearly zero.
• Cashback and Yield: Additionally, there is a cashback mechanism and yield account in Plasma One. Essentially, they are leveraging the effective advantages of the protocol to return some value to end users, rather than leaving it all in the hands of traditional intermediaries.
Like: For those who frequently need to transfer money to cross-border partners, moving from "transaction fee hell" to "almost negligible" makes cash flow projections much easier. This is a real value sharing, where users directly benefit from the efficiency of technology.
Here's a random short story: I really love coffee, and every time I pay with my card, I think: it’s unreasonable that my money has to sit idle in some bank while they use it to earn profits. Now, when I use the Plasma One card to buy coffee, the money is still on-chain, still earning yield, and still usable immediately. The feeling of money actively working for me, rather than just being a tool for the bank, is very... liberating.
However, I am also a practical investor. Plasma is a new Stablecoin chain, and it still has its limitations:
• Concentration risk: The current TVL (Total Value Locked) remains highly concentrated in USD₮. If there are any liquidity or regulatory compliance issues with this Stablecoin, Plasma will be directly affected.
• Ecosystem diversity: The application diversity still cannot compare with long-established chains like Ethereum or Solana.
For users, this means you must be acutely aware that your risk is concentrated in "one Stablecoin + one chain." Enjoying fee-free benefits and a global card must come with a clear asset backup strategy, not going all-in on a single chain.
I see Plasma not as a public chain stablecoin for speculation. It is an infrastructure experiment for the Stablecoin era.
If you are someone who frequently uses Stablecoin, earns income remotely, or travels the world, I suggest a practical approach:
1. Small stress test: Use a small amount, complete the cycle "transfer Stablecoin to Plasma -> spend through Plasma One -> withdraw." Feel the difference.
2. Monitor compliance: Observe their licensing progress in Europe and the availability of cards in your living area.
3. Gradual transition: Only after self-verification should you gradually move a larger proportion of your daily liquidity to Plasma.
Plasma is a fair invitation: Join, use, and you will share in the effective benefits from the protocol. That’s why I continue to follow it, and I recommend you also run your own risk test.
