The longstanding issues in the crypto payment sector have remained unresolved for years—speed and security often trade-offs. The USDT storm at the beginning of 2025 served as the best lesson: network congestion, exorbitant Gas fees, broken cross-chain liquidity, and over 140,000 investors liquidated in a single day, losing over $300 million. The word "stability" associated with stablecoins has also taken a hit.

It is precisely these market pain points that have spurred new ideas. Unlike other public chains that pursue all-in-one solutions, Plasma has chosen a different path—focusing solely on stablecoin payments. Fast, cheap, and reliable—these three principles are embedded in the project's DNA.

On the technical side, to put it plainly, its PlasmaBFT consensus mechanism, combined with the Rust-based Reth client, can confirm transactions within seconds and remains fully compatible with EVM. Developers don’t need to learn new things; major DeFi players like Curve, Maker, and Aave are already integrating.

What truly catches attention is the Multi-Asset Memory Layout (MAML) scheme. Different types of assets like USDT and pBTC have optimized storage architectures tailored to their characteristics, preventing congestion caused by interference, while each asset retains its native features—USDT transfers are fee-free, and Bitcoin can participate directly in DeFi without cumbersome wrapping processes.

This design philosophy is quite interesting: instead of competing through hardware stacking or price wars, it aims to fundamentally optimize the underlying logic and maximize the features of various assets. Comparing this to the numerous cross-chain issues faced last year, this approach seems to have found a new breakthrough.