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Stablecoins settled $18 trillion onchain this year, surpassing Visa and Mastercard. Yet despite this scale, stablecoin infrastructure remains immature — fragmented across dozens of chains with different fee structures, compliance requirements, and liquidity pools. Recently, we've seen multiple "stablecoin" chains emerge to solve these issues.
Two in particular have excited the industry: Tempo and Plasma.
This morning, Plasma's token and mainnet beta went live, marking the arrival of what many consider the more controversial, yet simultaneously more "beloved by CT," of the two. While Tempo plays it safe with regulatory compliance and Stripe's backing, Plasma has chosen a different path, building explicitly around USDT and Tether's global dominance.
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