A new approach to the payment track is taking shape—this is a Layer 1 project favored by Founders Fund (the investor behind Peter Thiel).

The problem this blockchain aims to solve is straightforward: replace traditional banks with stablecoins for cross-border payments and daily transfers. It sounds simple, but the execution logic is interesting—zero Gas fee USDT transfers, eliminating the need to set aside extra fees like with ETH or TRX. For people who frequently transfer funds, this pain point is thoroughly addressed.

Performance parameters are also impressive: TPS exceeds 1,000, with confirmation speeds in the sub-second range. What does this mean? It means you can use it for daily shopping. The accompanying Plasma One app is even more interesting—a debit card offering over 10% annualized returns and 4% cashback, turning stablecoins directly into a digital bank account.

The project's funding list also reveals some clues: joint backing from Founders Fund, Framework Ventures, and Bitfinex, with total funding exceeding $24 million. The native token $XPL supports the entire ecosystem.

Why pay attention to it? In the stablecoin payment space, whoever can reduce costs and improve efficiency will have the chance to carve out a piece of the traditional financial cake.