Plasma is developing a Bitcoin-settled, EVM-compatible sidechain tailored for Tether’s USDT, to eliminate transaction fees and optimise stablecoin infrastructure

Quotes that support claims

Plasma is building an EVM-compatible sidechain on Bitcoin tailored to Tether’s USDT. Its goal is to eliminate the fees involved in transacting with the USDT stablecoin.

In its documentation, Plasma is described as a Bitcoin sidechain that will use the network as a settlement layer as it attempts to “meet the unique needs of stablecoins.”