Plasma is not an official Tether chain. It is one of @paoloardoino & @bitfinex investments by virtue of which @Tether_to gets to boost supply and therefore t-bill revenue stickiness via DeFi usage.
It's wiser for them to lead & exhaust the 'stablecoin L1' meta by aggressively investing $15-20m tickets in stablecoin chains & redirect these inflationary L1 token rewards to protect USDT dominance. If these future chains can attract even $1B additional capital via USDT mints - that's a home run.
Imho, we're entering a new DeFi summer for stablecoin yield farmers where we see several stablecoin L1s spawned by Circle, Tether & future competitors most of which exhaust their L1 premium by the end of their life cycle and each future launch has a lower FDV etc.
Tron comparison is deeply flawed because Tron is one of the most widely distributed and profitable L1s out there.
Upper price limit for $XPL is $3.27 ?
Tron is (was) the unofficial USDT chain.
Plasma could take that spot as the OFFICIAL Tether chain.
Both:
• Cheap & fast settlement
• Retail stablecoin play (payments, remittances)
• Both have L1 premiums vs L2s
Simple pitch: Tron = unofficial USDT chain, Plasma = official one
Yet Tron is established in many markets thanks to years of usage.
That's why Plasma One app (card etc) will be so important.
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