Stablecoins have become incredibly popular in recent years and have already become one of the most successful products in the crypto industry—although many people haven't realized it yet. From liquidity pools on exchanges, cross-border payments, to the rigid demand for USD in emerging markets, stablecoins are now essentially infrastructure-level assets. The problem is, such an important component has been stuck on various incompatible public blockchains, with high fees and low efficiency, which is quite frustrating.

Against this backdrop, the Plasma project emerged suddenly. Unlike other general-purpose public chains, Plasma has had only one goal from the start—building a Layer-1 blockchain tailored specifically for stablecoins. This idea sounds simple but is very solid logically: since stablecoins are already so critical, why work on someone else's chain? Why not build your own?

Technologically, Plasma employs a clever combination of strategies. Its security layer is anchored to Bitcoin, directly inheriting Bitcoin’s long-verified protective capabilities, saving the trouble of building security from scratch. On the execution layer, it is fully compatible with EVM, meaning developers, applications, and tools in the Ethereum ecosystem can use it without any modifications. This "security relies on Bitcoin, ecosystem relies on Ethereum" approach gives Plasma both technical confidence and solves the problem of ecosystem cold start.

Performance and cost are Plasma’s real trump cards. It has been deeply optimized for the core scenario of stablecoin transfers, aiming for high throughput, fast confirmation times, and extremely low transaction fees. Compared to Ethereum mainnet’s gas fees often costing several dollars or more, and the bottlenecks still present in some Layer-2 solutions, Plasma’s strategy is to deliver an exceptional experience for stablecoin transfers.

This targeted optimization approach is becoming increasingly popular—because it recognizes a reality: general-purpose public chains trying to do everything often end up not excelling at anything. Plasma takes the opposite route, focusing solely on stablecoins, pushing efficiency and costs to the limit. Market feedback shows that this vertical niche strategy indeed has strong appeal.