Noticed the Plasma project, it feels a bit different in the stablecoin infrastructure space. It is not focused on creating a single stablecoin, but rather aims to reshape the way capital flows globally. Plasma is an EVM-compatible Layer 1, emphasizing zero-fee transfers and "100k+ TPS", with the goal of allowing USD stablecoins to flow as freely as internet data.
It is worth noting that it is backed by Founders Fund (Peter Thiel), and shortly after the mainnet went live, it achieved over 2 billion USD in active circulation of stablecoins. Although it is still in the early stages, with risks and regulatory uncertainties present, under the trend of global capital settlement gradually moving on-chain, Plasma could become one of the core players in the next wave of the "stablecoin infrastructure" narrative.
