Danny retweeted
There have been a number of questions recently around XPL rewards on Plasma One, and we want to address them directly.
XPL rewards distributed through Plasma One are not new emissions. XPL used for rewards have been purchased by the Foundation treasury and that will continue for future Plasma One rewards.
More broadly, we’re fully committed to building Plasma around XPL and always have been. The development company is majority owned by the Foundation, and the entire team is directly aligned with the long-term success of XPL and nothing else.
As Plasma One is currently in beta, these rewards represent a de minimis amount of total spend. As we scale up Plasma One, we are partnering with the best in the space to provide the most sustainable and robust rewards and earn products to our users.
We are committed to a single asset framework and to ensuring that the team, investors, and community are aligned around that direction over the long term.
As Plasma One wins, so too does XPL.
More details on XPL's role across our product strategy is coming soon.
Danny retweeted
Tether Launches tether.wallet, the People’s Wallet, Extending its Global Financial Infrastructure Directly to Billions of Users Left Behind by the Traditional Financial System
Learn more: tether.io/news/tether-launch…
Danny retweeted
crypto neobanks seem to be the most useful use case/ narrative in this cycle
but neobank is a thin margin business, and most crypto neobanks are not learning from it
> overreliance on payment fees
> unable to monetize deposits
> high CAC and other maintenance costs
imo crypto would win as an embedded finance stack, and not a new neobanks app
Danny retweeted
Let me recap the first 10 days of launch:
- #5 largest chain in the world by stablecoin supply with ~$7 billion
- #3 largest chain for USD₮ only behind Ethereum, Tron and BSC
- #5 largest chain by DeFi TVL with ~$8.7 billion (including borrows)
- Second largest Aave instance with ~$6 billion market size
- The most blue chip DeFi day 1 integrations in history with Aave, Ethena, Fluid, Euler, Curve, Uniswap, Balancer amongst others
- Every major exchange integrating native USD₮ deposits and withdrawals day 1 including Binance
- Largest DeFi CEX integration in history with Binance and Aave on Plasma
- More than $50 billion of USD₮ transfer volume only behind Ethereum and Tron in the same time frame
- 34.5m total transactions surpassing 100 TPS on a regular basis, more than nearly any other chain in production
- More than 1.3m unique addresses
- Not a single point of failure or downtime, in infrastructure or block production
- One of the largest and most successful public sales in history
- Nearly 100k fully organic waitlist signups for our flagship neobank Plasma One
Only 10 days in. We're quite literally only getting started.
Trillions.
Danny retweeted
Building the rails for global stablecoin finance: @PlasmaFDN
Stablecoins now settle more than of the typical payment networks like Visa and Mastercard.
They’re the internet’s dollars. Faster. Cheaper. Always on.
Yet the network rails they run on are broken → fragmented, costly, unsustainable.
Plasma will be the next canonical settlement fabric for all digital dollars, powering the vision of Money 2.0: programmable, globally accessible, and instantly transferable value in a unified dollar form that is realizable at scale.
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Current state of stablecoins
Stablecoins are already efficient digital dollars with it being Always-on, global, programmable.
But the current infra and network rails powering it falls short. A few examples:
• Ethereum → secure, but too costly for mass payments
• Tron → cheap, but centralized + not as strong developer depth
• Liquidity → fragmented across chains, preventing true network effects at scale
Plasma: Stablecoin-first infra
Purpose-built as a stablecoin-first network, Plasma will enable:
• Zero-fee USDT transfers for remittances, payroll, commerce
• Stablecoin-denominated gas for DeFi + advanced use cases
• Instant finality via PlasmaBFT that runs on EVM
• Native BTC bridge → programmable Bitcoin + BTC-backed stables
The end state: unify liquidity, embed compliance, and make stablecoin transfers near-instant and near-free. Not another general L1, but one built with stablecoins straight from its inception and designed for scale.
The ecosystem flywheel
Plasma is uniquely positioned as it enters with distribution + liquidity already in place:
• $30B USDT in circulation across DeFi and CEXes + 280M+ users
• $1B inflow via @Binance Earn
• Backers: @foundersfund, @bitfinex, @hiFramework, and @tether CEO @paoloardoino
Distribution → Liquidity → Utility → Reputation
$XPL token
The alignment + security layer which enables:
• PoS validator staking
• Stablecoin fee burns + ecosystem incentives
• Demand tied directly to settlement activity
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Read more below at @mementoresearch to understand why stablecoins will play a pivotal role in powering the global finance landscape moving forward
Trillions.
Stablecoins represent the next frontier for global payments and capital markets
To get to true institutional-adoption levels, this requires compliant and scalable payment rails.
The latest @mementoresearch report examines @PlasmaFDN, which positions itself as the canonical settlement fabric for digital dollars.
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The structural gap
Stablecoins have grown into a $260b+ asset class, settling $24b daily and surpassing global payment networks like @Visa and @Mastercard in 2024.
Yet, today’s rails are not designed for true scale and are achieved through a variety of measures that may work now, but not for the envisioned future:
• Ethereum → secure but costly and congested
• Tron → cost-efficient but likely to be too centralised / developer-limited
• Fragmented liquidity across different chains
The result: stalled network effects
Plasma’s approach
Plasma introduces a stablecoin-first architecture, where its L1 enables:
• Zero-fee $USDT transfers for commerce, payroll, and remittances
• Stablecoin-denominated gas for programmable finance
• One-second finality (PlasmaBFT)
• Trust-minimized Bitcoin bridge → BTC-backed stablecoins & programmable BTC
The objective: consolidate liquidity into a unified settlement backbone.
What makes Plasma different: its existing distribution advantage
Unlike most networks, Plasma enters with pre-distribution:
• $30B USDT in circulation, with established partnership rails via CEXes and DeFi
• 280M+ accessible users
• $1B fully subscribed inflow at launch via @Binance Earn
• Institutional backing: @foundersfund, @bitfinex, @hiFramework, and @tether leadership
This addresses the cold start barrier that limits new networks and the age old question of how to get users onboarded → Plasma has solved this issue from Day 1 already.
$XPL as alignment layer
$XPL functions as the network’s economic and security base:
• PoS validator staking with slashing mechanisms
• Stablecoin fee burns driving value accrual
• 40% allocation to ecosystem incentives
A $373M token sale (7x oversubscribed) and pre-market valuations of $7–8B reflect strong conviction in this alignment model
Our view
Stablecoins have already reshaped global trade finance, remittances, and payments. But scaling it to the next level requires rails that combine cost efficiency, regulatory compliance, and developer accessibility.
@PlasmaFDN brings with it structural advantages (distribution, liquidity, and regulatory alignment) to become a canonical settlement fabric for stablecoins.
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Read more here: mementoresearch.com/plasma-t…
Report co-writer: @0xCheeezzyyyy
