As a new generation Layer 1 network, Plasma's exploration in the stablecoin payment field is accelerating. The core focus of this project is on a real industry pain point: the fee and speed bottlenecks of existing on-chain payments.

From a technical architecture perspective, Plasma highlights several features. Sub-second confirmation times with over 1000 TPS, directly matching the experience expectations of traditional payment networks. Native BTC bridging integration enhances security guarantees. More interesting is the Paymaster system design—users can complete zero-fee USDT transfers without pre-holding project tokens, breaking the precondition of many on-chain applications requiring user assets upfront.

Looking at data, after the mainnet Beta launch, the project quickly accumulated approximately $2 billion in total locked value. The total supply of the XPL token is set at 10 billion tokens, adopting a PoS staking mechanism, with an initial annual yield of 5%, gradually decreasing to 3% later. An EIP-1559 fee burn model is introduced to balance inflation pressure. The current market price is around $0.1387, with a 24-hour trading volume exceeding $48 million.

From an ecosystem collaboration perspective, several well-known institutions are already involved and supporting. The project is also promoting deployment in the Middle East and North Africa regions, covering DeFi and blockchain gaming application scenarios. In terms of configuration, the supporting browser tools and documentation resources are relatively complete, reducing user onboarding costs.

For users seeking stablecoin payment solutions and investors optimistic about the long-term development of the payment track, this project is worth paying attention to for its subsequent progress.