Part 4/13:
Tether (USDT), the world's largest stablecoin, is also venturing into its own infrastructure. It has launched Plasma and Stable, two new blockchains with overlapping focuses but different roles.
- Plasma is a fast, fee-less layer 1 chain built from scratch for stablecoin payments, compatible with Ethereum’s developer tools, employing Cosmos-inspired consensus algorithms, and supporting features like confidential transactions and Bitcoin native bridges. Designed for high-volume global remittances, it’s already secured significant funding, including a $373 million token sale, with plans to launch a mainnet beta by late 2025.