Plasma launches ‘first stablecoin chain’ mainnet with $2b in USD₮0 liquidity
Plasma launched its Layer-1 mainnet, purpose-built for stablecoins, with $2 billion in USD₮0 liquidity already on-chain.
- Plasma launched its layer 1 mainnet, built specifically for stablecoin transfers
- The network will have $ billion in Tether’s cross-chain USD₮0 stablecoin on launch
- Peter Thiel’s Founders Fund is among Plasma’s backers
Stablecoins are quickly growing into one of the most compelling use cases for crypto. On Thursday, Sept. 25, Plasma, a layer-1 blockchain purpose-built for stablecoins, launched its mainnet with $2 billion in USD₮0 liquidity live from day one.
Marketed as the world’s first “stablecoin chain,” Plasma received backing from both Tether’s ecosystem and Peter Thiel’s Founders Fund. As a result, Tether’s omnichain stablecoins USD₮0 and XAU₮0, powered by LayerZero, are available on Plasma immediately at launch.
“For the USDT0 community, Plasma isn’t just another chain, it’s the first network designed with stablecoins at the center. By bringing billions in liquidity on day one, we’re giving users a faster, more reliable, and more accessible way to move value across the world. This launch is about creating a stablecoin environment that can finally scale to meet real-world demand,” Lorenzo R., Co-founder of USD₮0 told crypto.news.
Plasma to take on stablecoin settlement
Unlike general-purpose networks, where stablecoin transfers compete with DeFi and smart contracts, Plasma focuses specifically on stablecoin settlement. The network leverages PlasmaBFT, a consensus mechanism with sub-second finality, deterministic confirmation times, and low fees. According to the network, these features remain robust even during peak times.
“Until now, stablecoin infrastructure has been defined by fragmentation. Siloed liquidity, wrapped assets, and unspecialized network architecture have made it harder to build powerful new financial rails that billions can rely on,” Plasma’s statement wrote. “USD₮0 and Plasma mark a clean break from this past. Together, we are providing a stablecoin environment that is more scalable, secure, and interoperable than anything that came before.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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