Stablecoins are crypto's biggest use case according to statistics.

Data from @RWA_xyz shows that the stablecoin marketcap has grown from $4Bn to over $220Bn within 5 years.

And with what @PlasmaFDN is building, it's only going to get bigger‼️

Why? The reason is simple: Pure utility. Let's use the African market as a case study.

According to SWIFT, almost 50% of commercial payments sent from Africa are denominated in USD. And that's just for commercial payments. This becomes even crazier when you consider the fact that Africans are able to rack up these numbers despite having to constantly deal with :

• high transaction costs

• delayed settlement times

• ridiculous fees and charges on transactions

• unpredictable rates

This is topped off by providers with very poor customer support. If you've ever used Chipper Cash, you immediately relate to what I'm saying.

Meanwhile, with over 40% of transaction settlement processes involving banks outside Africa + the constant currency devaluation, it just means these costs aren't coming down any time soon.

Imagine the possibilities if these roadblocks are eliminated.

It's time for a major change and I believe that's precisely what @PlasmaFDN provides!

Paying too much fees on dollar withdrawals? Plasma offers ZERO-Fee stables

And just in case you're worried about the project's viability, I should mention that Plasma settles directly to Bitcoin, plus they are backed by some of the most reputable names in the space like @foundersfund, @hiFramework, and @bitfinex

And then there's also the fact that Plasma offers peak transaction privacy.

IMO if Plasma can provide a solid fix for fiat <-> stables on-ramping and off-ramping, it will immediately experience explosive growth.

The ONE major product the African market needs is reliable and cost-effective cross-payment solutions. Whoever fixes this, WINS!

@PlasmaFDN shows real promise in this regard. I'm keeping a very close watch on this one.