Plasma is a new Layer-1 blockchain built to power the stablecoin economy at global scale. It enables near-instant USD₮ transfers without fees, combining speed, efficiency, and reliability. At its core runs PlasmaBFT, a high-performance consensus protocol based on Fast HotStuff, delivering scalable throughput and fast finality under full Byzantine fault tolerance. Plasma is fully EVM-compatible, allowing existing Ethereum smart contracts and tools to run seamlessly, and introduces a trust-minimized bridge to Bitcoin, unlocking programmable BTC flows and true cross-asset interoperability. To make stablecoins truly practical, Plasma eliminates gas fees with on-chain sponsorship, supports payments in stablecoins or BTC via custom gas tokens, and is developing privacy-preserving transactions with auditability. Backed from day one by over $1B in USD₮ liquidity and infrastructure designed for massive scale, Plasma aims to be the settlement layer for the next generation of global digital money.