batoothedog (Ø,G) 🧡sign
@batoothedog
[Plasma #2. The Structure and Challenges of the Stablecoin Market] 🪙"Stablecoins are everywhere—except where they were meant to be used." 1. The stablecoin market has already surpassed $140 billion, with the vast majority made up of dollar-backed assets like USDT, USDC, and DAI. These tokens are widely used as trading pairs, collateral, and stores of value across DeFi. In many ways, they’ve been the backbone of crypto’s financial layer. Yet, despite their prominence, real-world use cases like payments and remittances remain scarce.
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batoothedog (Ø,G) 🧡sign
@batoothedog
3. For businesses, the challenges compound further. Regulatory uncertainty, accounting headaches, and unreliable settlement infrastructure make it difficult to adopt stablecoins at scale. As a result, most usage is confined to speculative trading and DeFi lending, rather than real-world payments—the use case stablecoins were originally designed for. 4. Plasma is a direct response to this stagnation. Rather than stretching itself thin, it hones in on the original promise of stablecoins: frictionless global payments. It’s a deliberate bet that dedicated infrastructure—rather than general-purpose chains—holds the key to stablecoin adoption at scale. To sum up, Plasma is a potential disruptor of stablecoin industry, taking a integrated approach!
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batoothedog (Ø,G) 🧡sign
@batoothedog
2. One of the main reasons? Infrastructure inefficiency. Sending USDT on Ethereum often incurs several dollars in gas fees, and confirmations can take minutes. It’s a poor fit for small, everyday transactions. Alternative chains like Tron or Solana attempt to mitigate some of these issues, but still suffer from fragmentation and inconsistent UX across networks.
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