LET' S TALK ABOUT PLASMA

Summary from the TLDR Crypto newsletter

Plasma is an EVM-compatible L1 incubated by Bitfinex/Tether. It anchors its state of Bitcoin and uses custom PlasmaBFT consensus to offer compliant, shielded, and zero-fee USDT settlements. Plasma aims to build a “T-chain” ecosystem focused on payments, PayFi, and fintech rails rather than speculative trading. Its goal is to capture stablecoin volume and foster long-term USDT adoption.