BANKLESS 🕊️

$BANKLESS = Limitless. No bank, just you + $XPL.

[Paul @pauliepunt]

We’ve seen a number of rumors circulating since the launch of XPL and want to set the record straight.

1/ No team members have sold any XPL. All investor and team XPL is locked for 3 years with a 1 year cliff.

2/ Of our team of ~50, three spent time at Blur or Blast. Our team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To say our team is "ex-Blast" is to say it is "ex" any of these firms. We are proud of the team we've assembled at Plasma.

3/ We have not engaged Wintermute as a market maker and have never contracted with Wintermute for any of their services. We have the same information as the public on Wintermute's ownership of XPL.

We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community's support. Now back to work.

Trillions.

[BANKLESS 🕊️ @banklessplasma]

Hi guys, are you ready to be BANKLESS?

[Bankless @Bankless]

Stablecoins might be crypto’s clearest product-market fit — but the infrastructure hasn’t kept up.

Since 2023, stablecoin payments have surged from under $2B month to $7.3B. Yet, most of that volume rides rails not purpose-built for stables.

Enter @PlasmaFDN: a new USDT-centric blockchain that just filled its $500M token sale cap instantly. One user paid nearly $100K in gas to get in.

Here’s why Plasma could become stablecoins’ new home base.👇

~~ Analysis by @davewardonline ~~

What Is Plasma? —

Plasma is an EVM-compatible, Proof of Stake chain designed specifically for stablecoin payments. Though not officially a “Tether chain,” it’s funded by Tether/Bitfinex-linked capital and Founders Fund, creating tight alignment with the world’s largest stablecoin issuer — which will have special privileges on the network.

Tether won’t be the only stablecoin on Plasma. Integrations are expected with Aave, Maker, Curve, Ethena, and others. Mainnet is slated for Q2 and will include familiar stablecoin DeFi: lending, borrowing, and more.

Plasma’s Architecture —

Plasma runs on PlasmaBFT: a modified Fast HotStuff consensus, optimized for fast, low-latency transfers like Hyperliquid. Execution runs on Reth, a modular, Rust-based Ethereum engine, giving it full EVM support.

The chain uses a dual-validator system: one validator set secures consensus, while a second handles high-speed, gasless USDT transfers. That second set starts permissioned but will decentralize over time.

Features include:

➢ Zero-fee USDT transfers: A separate lane handles free USDT payments. Transfers may take longer but avoid fees. Spam protection is enforced via rules like minimum balances and send limits.

➢ Custom gas tokens: Apps can let users pay fees in USDT, BTC, or other approved tokens. Behind the scenes, the network swaps them to XPL, Plasma’s gas token.

➢ Confidential transactions: Shielded transfers will hide transaction details while remaining compliant.

➢ Bitcoin-anchored security: Plasma checkpoints its state to Bitcoin. Rewriting history would require rewriting Bitcoin’s. BTC staking and withdrawals are secured via Taproot and threshold signatures, without a custodian. Plasma is live today, no need to wait for OP_CAT.

The Tether Connection —

Plasma and Tether are deeply linked.

Besides funding ties and perks like zero-fee transfers and gas-token privileges, Plasma will support @USDT0_to — a third-party crosschain version of USDT — extending its reach.

Further, co-founder Christian Angermeyer has managed Tether’s investments into sectors like AI and mining, cementing the relationship further.

Why Tether? —

Plasma CEO Paul Faecks says it’s simple: people want a reliable stablecoin. Tether provides dollar access globally without needing local banks. USDC may yield 4%, but Tether dominates in markets like Turkey, Thailand, Nigeria, and Argentina — places where crypto is used as money, not middleware.

Tether’s also expanding into tokenized assets through its @hadron_tether platform, including a recent Plasma partnership with @uraniumdigital_
to bring uranium onchain.

Worth Watching? —

Purpose-built chains have not gained much traction to date beyond outliers like Hyperliquid.

With Plasma following a similar path — specialized infrastructure optimized for a specific use case rather than general-purpose smart contracts — it’ll be interesting to see how things unfold and whether this marks a turning point in chain design.

[Ansem 🐂🀄️ @blknoiz06]

wild how much sentiment can shift with 3 red daily candles, believe buying $XPL <= $1 will be obvious in hindsight

was fairly priced for awhile thanks to hyperliquid - thesis unchanged if not stronger than it was pre-TGE

[BANKLESS 🕊️ @banklessplasma]

@KookCapitalLLC they never become bankless

[BANKLESS 🕊️ @banklessplasma]

Panic sellers screaming “sell, sell”, they just lower the price so the patient stack more sats. HODL > HYPE.

[BANKLESS 🕊️ @banklessplasma]

@routescan_io no memecoins?

[BANKLESS 🕊️ @banklessplasma]

Bankless! 🕊

[Nami @NamiExchange]

🌐 @Plasma Ecosystem Mapping just dropped! 🚀

From DeFi & Yield Farming to Meme coins & Stablecoins, #Plasma is building a diverse ecosystem gaining traction fast — and its core token $XPL is already listed on #NamiExchange! 💎

✨ DeFi
• $SOIL — @soil_farm
• #Formula — @trad@tradeonformula
• $EUL — @eulerfinance
• $UP — @superformxyz
• #Uranium — @uraniumdigital_
• #Fuseon — @fuseon_finance
• #Axis — @AxisFDN
• #Superset — @SupersetFinance
• #ZKP2P — @zkp2p
• #Hadron — @hadron_tether

🐸 Meme
• $TRILLIONS — @trillions_coin
• $BANKLESS — @banklessplasma
• $ORGASMA
• $LUCY — @LucyPlasma
• $ROCKY
• $PLENIS
• $LUNA — @lunaxpl_
• $TRILLADY — @saihoelse
• #M2 — @Money2Plasma

🌾 Yield Farming
• #Infini — @0xinfini
• #Superstate — @SuperstateInc
• #Level — @levelusd
• #Veda — @veda_labs
• $TOKE — @TokenReactor

💵 Stablecoin
• $USDAI — @USDai_Official
• $USUAL — @usualmoney
• #Neutrl — @neutrl
• #Daylight — @daylightenergy

🌉 Bridge
• $STG — @StargateFinance
• $ZRO — @LayerZero_Core
• $JUMPER — @jumperapp
• #Relay — @relay
• #Gas — @gasdotzip

🌟 Others
• #TrilliaAI — @trilliaxyz
• #Lithos — @lithos_to
• #Mansa — @MANSA_FI
• $SPARK — @LaunchOnSparkle
• #Pretrillions — @pretrillions

⚡️ Which ticker do you believe will dominate first? Drop your pick below! 👇

#DeFi #Stablecoin #Memecoins #Crypto #Blockchain

[BANKLESS 🕊️ @banklessplasma]

@trillions_coin @Plasma Let's bounce 🕊

[BANKLESS 🕊️ @banklessplasma]

BANKLESS = Limitless. No bank, just you + @Plasma.

[BANKLESS 🕊️ @banklessplasma]

🚀 Just submitted my request to list BANKLESS through CoinGecko!
🎫 Request ID: CL3009250018

[BANKLESS 🕊️ @banklessplasma]

Tag submission

https://t.co/uY1h8b8TUY

[BANKLESS 🕊️ @banklessplasma]

We submit the CMC application with the ticket number: 1276967

[BANKLESS 🕊️ @banklessplasma]

@routescan_io Plasma = Limitless = $BANKLESS

[BANKLESS 🕊️ @banklessplasma]

@iambroots $BANKLESS

[BANKLESS 🕊️ @banklessplasma]

@CryptoGodJohn $BANKLESS dips are for buying

[BANKLESS 🕊️ @banklessplasma]

@vespamatic96 This could be big project, BANKLESS

[BANKLESS 🕊️ @banklessplasma]

@rasmr_eth bankless

[BANKLESS 🕊️ @banklessplasma]

@depression2019 bankless

[BANKLESS 🕊️ @banklessplasma]

Fun fact

[BANKLESS 🕊️ @banklessplasma]

Gm Asia ☀️

Today feels like the day one memecoin wakes up and does 100x. Don’t blink.