Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Plasma launches ‘first stablecoin chain’ mainnet with $2b in USD₮0 liquidity

Plasma launches ‘first stablecoin chain’ mainnet with $2b in USD₮0 liquidity

Crypto.NewsCrypto.News2025/09/24 16:00
By:By David MarsanicEdited by Jayson Derrick

Plasma launched its Layer-1 mainnet, purpose-built for stablecoins, with $2 billion in USD₮0 liquidity already on-chain.

Summary
  • 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.”

0
0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

samczsun: The Key to Crypto Protocol Security Lies in Proactive Re-Auditing

Bug bounty programs are passive measures, while security protection requires proactive advancement.

ForesightNews 速递2025/12/11 11:53
samczsun: The Key to Crypto Protocol Security Lies in Proactive Re-Auditing

Millennials with the most cryptocurrency holdings are reaching the peak of divorce, but the law is not yet prepared.

The biggest problem faced by most parties is that they have no idea their spouse holds cryptocurrency.

ForesightNews 速递2025/12/11 11:53
Millennials with the most cryptocurrency holdings are reaching the peak of divorce, but the law is not yet prepared.

Using "zero fees" as a gimmick, is Lighter's actual cost 5–10 times higher?

What standard accounts receive from Lighter is not free trading, but rather slower transactions. This delay is turned into a source of profit by faster participants.

ForesightNews 速递2025/12/11 11:52
Using "zero fees" as a gimmick, is Lighter's actual cost 5–10 times higher?
© 2025 Bitget