Plasma’s New Tether Blockchain Promises Zero-Fee Transactions, Set for 2025 Launch

Tether, the world’s largest stablecoin, continues to dominate the market. With a staggering 70% market share and $13.7 billion in profits last year, its influence in the crypto space is undeniable. But what if Tether transactions could be even faster, cheaper, and more efficient?

Paul Faecks, co-founder of Plasma, is building a blockchain designed specifically for Tether. His goal is to enable zero-fee USDT transactions and reshape how stablecoins move across blockchains. If successful, this could be a game-changer.

Here’s how Plasma plans to make it happen.

A Blockchain Just for Tether

Plasma is being developed as a sidechain on the Bitcoin network while remaining fully compatible with the Ethereum Virtual Machine (EVM), which powers much of decentralized finance (DeFi). The project aims to solve key issues stablecoins face on other blockchains, such as high fees and scalability problems.

By using Bitcoin’s security, Plasma will allow seamless, zero-fee USDT transactions.

$24 Million Raised to Launch Tether-Focused Blockchain

Plasma is set to launch its blockchain for Tether in Q2 of this year, backed by major investors. On Thursday, the company announced it had raised $24 million in its initial funding round, led by Framework Ventures. The round also saw support from crypto exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino Paolo Ardoino   Paolo Ardoino is the Chief Technology Officer at Bitfinex, established by iFinex in 2012. His interest in cryptography and distributed systems began during research for a military project, leading him to move to London in 2013, where he founded Fincluster.   Quick Facts   Full name Paolo Ardoino Birth 1984, Cisano sul Neva, Italy Nationality Italian Education Computer Science Degree from the University of Genoa Wife/Partner Claudia Lagorio Net worth $9.5 B ( refer for real time)   This technology startup developed a cloud-based Financial Service Application for Fund Managers and Institutions. Ardoino started his career at Bitfinex as a senior software developer in 2014 and was promoted to Chief Technology Officer two years later.   He additionally commands the company. Bitfinex had a significant year in 2020, launching a staking service, institutional-grade custody services, an open-source peer-to-peer streaming protocol, and a market surveillance tool, all under Ardoino's technical leadership.   Paolo Ardoino - Career Highlights & Events   2017: Joined Bitfinex as Lead Developer   2018: Became CTO of Bitfinex and Tether   2019: Advocated for Lightning Network integration   2020: Launched Tether Gold (XAUT) stablecoin   2021: Led backend enhancements for Tether scalability   2022: Promoted crypto education in Latin America   2023: Announced full audit initiative for Tether   2024: Proposed new USD stablecoin for the U.S. market   Tether's stablecoin, USDT, has grown to become the largest U.S. dollar-backed stablecoin by market capitalization. In 2017, Ardoino took on the role of Chief Technology Officer at Tether, which was founded in 2014. The exchange garnered attention for executing one of the largest Bitcoin transactions recorded.   Useful Links to Connect With Paolo Ardoino   Platform Link X (formerly Twitter) https://twitter.com/paoloardoino LinkedIn profile https://www.linkedin.com/in/paoloardoino Tether website https://tether.to/en/team Bit Finex website https://www.bitfinex.com/team     EntrepreneurDeveloper/ProgrammerFinanceChief Technology Officer .

This investment follows an earlier $4 million funding round backed by Bitfinex, Ardoino, Thiel, and well-known crypto traders Cobie and Zaheer Ebtikar. The new funds will help Plasma launch its testnet and mainnet while also expanding into remittances, payments, and DeFi applications.

Why Plasma is Different

Tether is already available on multiple blockchains, including Solana, Tron, Polkadot, and Bitcoin via the Omni Layer. However, Paul Faecks explained that Plasma is built specifically to make stablecoin transactions faster and more efficient.

Unlike other blockchains, it removes features like NFT trading, memecoins, airdrops, and decentralized voting, focusing entirely on handling high-volume stablecoin transactions.

• Also Read :
•   Finam to Launch BlackRock’s Bitcoin ETF Structured Notes for Russian Investors
•   ,

THIS is the Future of Crypto Transactions

Stablecoins have become a key part of the crypto market, with their total supply now exceeding $220 billion. They are widely used for everyday payments and savings, but most of this activity happens on newer blockchains like Ethereum, Tron, and Solana rather than Bitcoin.

“Stablecoins are the clear winner in blockchain adoption, yet they’re treated as second-class citizens on current blockchains,” Paul Faecks, founder and CEO of Plasma, remarked in a statement. “By leveraging Bitcoin as a foundation, zero-fee USDT transfers, alongside a purpose-built ecosystem and infrastructure for stablecoins with deep liquidity, Plasma creates the most secure, scalable, and efficient blockchain for stablecoins on the market,” he added.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

A blockchain built for Tether? If Plasma delivers on its promise, stablecoin transactions may never be the same again.