Plasma is evolving beyond a single-chain payment rail into a settlement layer designed for cross-chain stablecoin flow. Current blockchain systems fragment liquidity, forcing payments through narrow pools and inefficient bridges. By integrating intent-based routing and interoperating across dozens of networks and assets, Plasma concentrates stablecoin depth where settlement actually occurs. $XPL functions as an operational token securing execution, governance aligns around reliability, and the architecture targets real payment corridors. The primary risk lies in coordination and dependency across chains, but the long-term relevance is clear: infrastructure that treats stablecoins as neutral financial plumbing rather than speculative instruments.

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