gilmerg/DefiGeeks
@gilmerg
2177 Following
526 Followers
Plasma is building a Bitcoin sidechain for stablecoins, starting with USDT, backed by $24M from @Framework, @Bitfinex, @PeterThiel, and @paoloardoino (CEO of @Tether_to). Key features:
Bitcoin-level security with PlasmaBFT consensus (Fast HotStuff) for high scalability.
Zero fees for USDT transfers.
EVM compatibility for seamless DeFi integration.
Plasma tackles stablecoin issues: high fees, centralization, and slow transactions. With USDT dominating 70% of the $220B+ stablecoin market, Plasma is set to drive mass adoption.
Plans:
Testnet & mainnet launches soon.
Expansion into DeFi, payments, & remittances, leading Bitcoin-based DeFi (BTCFi).
Founded by @PaulFaecks & @C_Angermayer, with advisors like @paoloardoino & @PeterThiel, Plasma is revolutionizing stablecoins and Bitcoin DeFi. 🚀 0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
1 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
4 reactions
0 reply
0 recast
4 reactions
0 reply
0 recast
7 reactions
0 reply
0 recast
7 reactions
0 reply
0 recast
4 reactions
0 reply
0 recast
2 reactions
0 reply
0 recast
4 reactions
0 reply
0 recast
0 reaction