stablecoin

On 10/2/2026, Tether Treasury burned (permanently destroyed) 3.5 billion USDT on the Ethereum network – one of the largest burns in stablecoin history!
According to Whale Alert and confirmation from CEO Paolo Ardoino:
🔸 The burn transaction was carried out directly from the official treasury address.
🔸 No signs of chainswap or chain transfers related (like previous times with HTX recovery on Tron/Eth).
🔸 No new minting compensating on other chains (in contrast to some recent burns with minting on Tron).

On the afternoon of February 10, 2026, at the White House, an important meeting took place between major banks and crypto companies to discuss the new bill.
The center of the debate is whether stablecoins (stable-value currencies, like USDT or USDC) are allowed to pay interest or rewards to users.

What is happening?
🔹On the bank's side (like JPMorgan, Goldman Sachs…): They worry that if stablecoins offer interest or rewards, people will withdraw money from bank accounts to move to crypto – leading to an imbalance in the traditional financial system.

As we move through 2026, the conversation around blockchain utility has shifted from "what can it do?" to "how can it scale for the masses?" One project standing at the forefront of this shift is @plasma, a Layer 1 blockchain specifically engineered to be the foundational infrastructure for stablecoins and global digital payments.
Why Plasma Matters
Traditional blockchains often struggle with the friction of high gas fees and slow finality—barriers that prevent stablecoins from becoming a true "digital dollar" for everyday use. Plasma solves this with its PlasmaBFT consensus, achieving sub-second finality and the high throughput necessary for retail-scale transactions.
One of the project's most disruptive features is the gasless USDT transfer system. By allowing the protocol to sponsor gas costs for standard transfers, @undefined removes the biggest hurdle for new users: the need to hold a native token just to send a payment.
The Role of $XPL
While stablecoin transfers can be gasless, the $XPL token remains the heartbeat of the ecosystem. Its utility is multifaceted:
Security & Staking: Validators secure the network by staking $XPL, and in 2026, the rollout of validator delegation has allowed the broader community to participate in network security while earning rewards.Economic Backbone: $XPL powers complex smart contracts, DeFi interactions, and non-sponsored transactions.Deflationary Mechanics: Following an EIP-1559-style model, a portion of fees is burned, creating a balance against the network's inflation and rewarding long-term holders.
Looking Ahead
With the recent launch of the pBTC Bitcoin Bridge, Plasma is now successfully bridging the liquidity of Bitcoin with the speed of its EVM-compatible layer. This allows users to use BTC as collateral or for payments within the same ecosystem where they spend their stablecoins.
As @Plasma plasma continues to expand its "Plasma One" neobank services into Southeast Asia and the Middle East, the synergy between a stablecoin-first architecture and a robust utility token like $XPL is setting a new standard for Web3 finance.
#Plasma a #XPL #stablecoin s #Web3Payments #CryptoEvolution

Government stablecoins: A new era of financial stability with $KGST

The modern cryptocurrency market is often associated with high volatility, but it is stablecoins that become the bridge connecting digital assets with the real economy. Government and regional projects, such as $KGST , hold a special place in this hierarchy.

Plasma: Is the momentum that can change adoption?

One of the most striking proposals of Plasma is to allow basic transfers of USDT without the user paying gas directly. This is made possible by a paymaster system that assumes the transaction cost, eliminating one of the main entry barriers in many blockchains: the need to hold the native token just to cover fees.
In practice, this decision significantly improves the user experience. For everyday payments, remittances, or transfers between people, not having to worry about gas simplifies the process and can facilitate the mass adoption of stablecoins within the Plasma ecosystem.

The White House sets the end of February as a deadline to reach a compromise on stablecoin revenues.
Banks propose "prohibition principles" to ban all rewards for shareholders.
Cryptocurrency companies claim that the restrictions on revenues stifle innovation and competition.
Stalemate on rewards delays a law for clarity in the digital asset market.

What are government stablecoins:
Digital assets pegged to the national currency and supported by government mechanisms. They combine the stability of fiat and the speed of blockchain, making transactions secure and transparent
KGST - the first in the CIS countries:
Pegged 1:1 to the Kyrgyz som. Each token is equal to one unit of the national currency, backed by reserves, which guarantees exchange rate stability and user trust.