The payment experience for stablecoins has always been stuck on a pain point—cross-chain transfers take time, Gas fees are high, and it's not very friendly for retail scenarios and institutional settlements. There's a project doing some interesting work in this area.

The Plasma chain's approach is quite unique—it is a Layer 1 blockchain specifically optimized for stablecoin scenarios. Its core features include: full compatibility with the EVM ecosystem, enabling seamless migration of existing applications; sub-second finality speed, allowing stablecoins like USDT to achieve real-time, zero-Gas fee transfers.

For security, its solution is anchored to Bitcoin, leveraging Bitcoin's hash power and trustworthiness to safeguard on-chain assets. It also maintains neutrality and resistance to censorship, which is quite important for financial institutions—allowing them to use stable and reliable infrastructure without worrying about control by a single party.

This combination seems to address practical issues at the payment layer, especially for retail payments and institutional clearing and settlement scenarios. Whether it can truly be implemented at scale depends on the development of the ecosystem and transaction volume.