Stablecoins are no longer a niche product. Their circulating market cap has surpassed $170 billion, with annual settlement volumes exceeding the combined total of PayPal and Visa. This figure says it all — the crypto industry has found a real-world application support point.

In this wave, some projects are targeting a clear direction: instead of building general-purpose public chains, they focus on dedicated chains for stablecoins. This focus has become an advantage.

Take Plasma as an example. It is based on the Layer2 framework evolution proposed by Joseph Poon and Vitalik Buterin. It sounds very academic, but the implementation logic is actually simple — the underlying architecture is optimized around stablecoins. For instance, using a self-developed PlasmaBFT consensus algorithm and a Rust-based client, it maintains full EVM compatibility while increasing transaction confirmation speed to seconds, which means congestion issues are completely eliminated.

More importantly, the payment experience. Through account abstraction and the Paymaster mechanism, USDT can achieve zero-fee transfers. Users no longer need to hold highly volatile Gas tokens for payments, directly avoiding past incidents of liquidation caused by Gas fee spikes.

This "dedicated chain for dedicated use" approach gives Plasma a clear competitive edge in scenarios like payments, wealth management, and cross-border transfers. The native ecosystem token XPL becomes the link between technological value and user benefits.

When stablecoins are no longer just trading pairs but truly a payment tool, the infrastructure supporting their operation becomes a scarce resource.