The competition in the payments and stablecoin sectors has long been fierce, but recently everyone's focus has gradually shifted to the Plasma path.

Looking closely at its layout, the zero-fee USDT transfers are indeed innovative—eliminating transaction costs is extremely valuable in large-scale payments. Coupled with Bitcoin anchoring for security endorsement and the built-in burning mechanism for inflation management, this combination feels more like building an "underlying infrastructure for on-chain payments."

The partners are also very promising. The bridge between traditional payment giants like Visa and pBTC hints at a route connecting traditional finance with the on-chain world. Although market volatility and numerous competitors exist, many industry players see an opportunity for it to carve out a differentiated path in the payments field. This is not about betting on a coin's price, but about whether it can become a solution for specific scenarios.