One aspect people underappreciate is how much of the stablecoin float across chains is driven by CEX decisions, rather than user activity. The top 3 exchanges hold 1/3 of all USDT in existence and actively move customer balances across chains. In Plasma's case, the largest exchanges have moved $10bn out since launch, mostly into Ethereum and BSC. Yet the underlying usage tells a very different story: - On Binance over the last 30 days, USDT volume on Plasma is 25% of its Ethereum USDT volume with 1% of the balances. That is 25x the velocity. - For OKX and Bybit, Plasma processes more USDT transactions than Ethereum, driven by genuine retail usage. Balances are a poor proxy for activity. On the metrics that actually matters, Plasma is already one of the most active stablecoin chains in the market.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

DROPS E34: @Plasma - Stablecoins Will Outgrow Crypto @SplitCapital is Chief Strategy Officer at Plasma. Nine years across the full stack - buy side research, DeFi, centralized exchanges becoming multi-hundred billion dollar businesses - and now CSO at the stablecoin neobank he was backing before he joined. We cover why stablecoins are the only crypto vertical set to outgrow crypto, what's actually broken about every wallet people use today, and what a 90% token drawdown means when you're still in beta. We talk about: - Why nobody owns stablecoin customer distribution today - Why stablecoins are the only vertical bigger than crypto itself - Plasma One - making stablecoin spending feel like Revolut or Venmo - Getting card fees 50-80% cheaper than anything that exists - The shift from tech-first narrative to outcome-first product - Exchange dominance never lasts - from BitMEX to Binance to FTX to whatever's next - Staying under 50 people and why over-hiring kills companies And much more… Timestamps: 0:00 - Introduction 1:43 - Who are you? 2:53 - 9 years of experience 5:33 - Patience in a Bear Market 8:29 - What people get wrong about Crypto? 12:42 - Relation between Plasma & Zaheer 14:36 - Right time to Build 16:46 - Explaining Plasma 18:43 - Focus of Plasma 20:41 - From Tech-First to Revenue-First 22:49 - How does Plasma make money? 24:09 - What is Plasma One? 24:53 - How Plasma is 10x Cheaper, Faster and Better? 27:52 - Fixing broken Crypto UX 29:02 - The Fees Game 31:30 - Hiring in Plasma 33:43 - Ultimate KPI for Plasma 34:37 - Who's a user? 35:44 - Way Forward for XPL

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Whop Treasury, powered by Plasma. https://t.co/7B65fZXIvs

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Streets saying Plasma One.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

If you think 2025 was a strong year for stablecoins, 2026 will blow your mind. In almost every serious conversation I have - with CEOs, politicians, regulators, and investors - stablecoins come up as a core strategic priority. Companies and entire countries are actively working on their own stablecoins. Different underlying assets, different use cases - but all pointing in the same direction: Stablecoins are becoming foundational financial infrastructure and will structurally change the banking and payment landscape. And there is massive room for growth: USD stablecoins for example represent just over 1% of the U.S. M2 money supply. Even when you look only at USD in circulation (cash held by the public), stablecoins only account for close to 10% of that figure. I bet in 3 years from now the latter number is much more than 50%. As always, when a market expands at this scale, the market leader benefits first and most. That’s why I am extremely bullish on @Tether_to. And equally bullish on @Plasma - the leading infrastructure layer powering Tether and a growing number of other stablecoin projects. And with Plasma One we will redefine how money moves: a neobank built directly on Plasma that turns stablecoins into something people can use every day: Save, spend, and send in dollars. Instant, zero fees USD₮ transfers. Cashback in XPL when you spend. Access from 150+ countries: Check it out: https://t.co/MzJ6nULp6u 2026 won’t just be another good year for crypto. It will be a defining one.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

The market has evolved past simplistic L1 premium narratives. Very few platforms are adapting accordingly and building clear, durable mechanisms for value accretion. Plasma stands out as one of the few doing so deliberately. P1 arc is upon us, iA.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

ICO era is net positive for crypto and for pricing new launches. Plasma first and now MegaETH and I'm hearing of another very soon. Looking forward to more competitively priced assets coming to market and forming a real capital markets environment as a result.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Great discussion with @SplitCapital at @blockworksDAS in London - we covered all my favorite topics: psychedelics / $ATAI, the @enhanced_games, and of course stablecoins and @Plasma . All of them share one common denominator: freedom.   We also touched on something that’s often overlooked, especially in Europe: the U.S. government’s strategic and forward-looking execution of its economic agenda. At the heart of it lies the dollarization of the world - and the biggest beneficiaries of this trend, in my view, are @Tether_to and $XPL.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

btw Plasma is a goated usdt bridge between exchanges the stablecoin volumes they shill are 100% real its litetrally free tron

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Plasma broke the current L1 model of needing a lot of venture dollars in order to build a quality L1. In total the team raised less money from venture investors than some large L1s raised in singular rounds. Community access via Sonar changed the game.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

One of the most insightful clips from @paoloardoino explaining the value proposition of @Plasma to @Tether_to’s long-term vision and distribution. Focused blockchains will be the way of the future for the most elite user experience.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

In Singapore for @token2049 — let me know if you’re around, talking markets, macro, and Plasma / HL. Who knows maybe @pauliepunt @rongplace and @PascalPlasma will be there.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

You just need to go all in on one winner with your heart and soul, and you shall be rewarded. Like @SplitCapital did with $XPL. Dont remain sidelined.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Tether-backed stablechain #Plasma just launched along with its $XPL token (and according to what I see on CT, plenty of you are very happy 😀) I spoke with @sethginns of @coinfund_io about what he feels makes this stablecoin chain different: 💸 Near-zero fees 🏦 Built-in neobank 🪙 Billion-dollar ICO 🤝 Close ties to Tether Timestamps: 🎬 0:00 Intro 🚀 1:32 Why Seth and CoinFund are so excited about Plasma’s launch 💵 4:46 How much #Tether is actually tied to Plasma 🔑 6:52 What makes Plasma different from other stablecoin blockchains 🏦 8:39 Why the Plasma One neobank could be a game changer 🔗 11:12 How DeFi integrations give Plasma a crucial early advantage 🧠 15:10 Why Seth believes the ICO was handled in a smart way 📊 17:07 What to expect from the XPL tokenomics and its utility 🌍 18:26 How Plasma could reshape geopolitics given USDT’s global use ⚡ 21:49 How the #USAT launch ties into Plasma’s stablecoin vision 🏁 26:06 How the “big stablecoin race” against #Circle, #Stripe, and others might ultimately play out

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Today is a good day to read this. Understand why Plasma stands in a league of its own and why cringe VCs will not be able to replicate. Jummah Mubarak // Happy Friday

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

$3 billion Aave makes Plasma the most impressive launch in my eyes in recent crypto history. Everyone wants to believe this was a layup but there is another level of work that goes into making this possible when it has literally never been done before.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

36% of XPL ICO tokens have already been moved since the chain went public. https://t.co/ki5Rx4IHlH

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

As it currently stands @PlasmaFDN has more TVL than Monad, MegaETH, Arc, and Tempo combined. Not many moving like this. $112 (billion) https://t.co/DeSdE1uick

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

BNB and HYPE lower timeframe. Maybe some ASTER too… https://t.co/zKhmF3zN4O

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

You have to hand it to the Plasma team - goes straight up for Binance (no teasing, no tier 2/3 exchange, no disappointment) - first to offer streaming onchain USDT yields straight to Binance wallets - first to partner with Cobie/Echo for their token sale - has all the GOAT'd DeFi protocols from $ETH ready to deploy on Day 1 incl $AAVE $PENDLE $ENA $FLUID It's exactly the steps you want a project to take before TGE

Name & Symbol: Fluid ($FLUID)
Address: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb