The new public chain Plasma has recently become a market focus. In just one week since its launch, its total locked value has surged to $5.5 billion, a figure that makes many established projects look pale in comparison. The supporting forces behind it are also quite impressive—jointly driven by Tether and Bitfinex.

The core positioning of this chain is very clear: it is tailored for the stablecoin ecosystem. USDT transactions on its platform feature zero Gas fees, directly addressing users' pain points. Imagine this: when transferring stablecoins, one side has to bear high fees and network congestion, while the other offers completely free transfers with instant confirmation. Which option would users prefer?

This move, to some extent, reshapes the user experience of stablecoins. Some of the existing mature public chains in this sector have had their advantages leveled out. The combination of technological innovation and capital synergy often stirs significant ripples in the market. For the entire stablecoin ecosystem, this represents a genuine upgrade in competition, and it is worth closely monitoring the upcoming developments.