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Project Overview
Plasma is a Layer 1 blockchain purpose-built for global stablecoin payments. It combines high throughput, stablecoin-native features, and full EVM compatibility, giving developers the foundational infrastructure to build next-generation payment and financial applications. It also supports customizable gas tokens, zero-fee USDT transfers, and private payments.
Ramp will allow payments and consumption using stablecoin channels via Plasma
According to market news, Ramp, backed by Peter Thiel, will allow payments and consumption using stablecoin channels via Plasma.
Spark: Tightening Collateral Scope Leads to Business Loss but Ensures Liquidity Safety
According to monetsupply.eth, Spark’s Strategy Lead, in a post on X, Spark has long maintained a relatively high borrowing interest rate cap for its SparkLend ETH market. Although this policy caused many users to migrate to Aave—resulting in substantial loss of business and revenue—the current market liquidity crisis has validated the prudence of this strategy. Presently, Aave is experiencing severe liquidity shortages across multiple chains—including Ethereum Mainnet, Arbitrum, Polygon Plasma, Mantle, and Base—with ETH borrowing utilization reaching 100%. This has prevented depositors from withdrawing funds and hindered normal liquidation of ETH collateral. He warns that if the current liquidity crunch persists, a 15–20% drop in ETH’s price could expose Aave to widespread bad debt—compounded by the potential impact of the rsETH vulnerability incident.
Tether Launches Self-Hosted Digital Wallet tether.wallet, Supporting Multi-Chain Asset Management
According to an official announcement, Tether launched its self-custodial digital wallet, tether.wallet, on April 14, directly opening its global financial infrastructure to end users. The wallet supports digital assets including USD₮, USA₮, XAU₮, and Bitcoin, and operates across blockchain networks such as Ethereum, Polygon, Plasma, and Arbitrum. Users can transfer funds using simple, human-readable identifiers—eliminating the need for traditional long addresses or additional network tokens—and pay transaction fees directly in the asset being transferred. tether.wallet employs local signing, with private keys and recovery phrases held exclusively by the user, emphasizing openness, neutrality, and user sovereignty. Tether stated that this product aims to simplify the use of digital assets and enhance financial inclusion, with plans to support additional blockchain networks in the future.
Related news
Ramp will allow payments and consumption using stablecoin channels via Plasma
According to market news, Ramp, backed by Peter Thiel, will allow payments and consumption using stablecoin channels via Plasma.
Spark: Tightening Collateral Scope Leads to Business Loss but Ensures Liquidity Safety
According to monetsupply.eth, Spark’s Strategy Lead, in a post on X, Spark has long maintained a relatively high borrowing interest rate cap for its SparkLend ETH market. Although this policy caused many users to migrate to Aave—resulting in substantial loss of business and revenue—the current market liquidity crisis has validated the prudence of this strategy. Presently, Aave is experiencing severe liquidity shortages across multiple chains—including Ethereum Mainnet, Arbitrum, Polygon Plasma, Mantle, and Base—with ETH borrowing utilization reaching 100%. This has prevented depositors from withdrawing funds and hindered normal liquidation of ETH collateral. He warns that if the current liquidity crunch persists, a 15–20% drop in ETH’s price could expose Aave to widespread bad debt—compounded by the potential impact of the rsETH vulnerability incident.
This week, tokens including ZRO, XPL, and KAITO will undergo large-scale unlocks.
Token unlocks data shows that major token unlocks are scheduled this week for ZRO, XPL, KAITO, and others. LayerZero (ZRO) will unlock 25.71 million tokens on April 20, valued at approximately $40.4 million—5.34% of its total supply. Humanity (H) will unlock 105 million tokens on April 25, valued at approximately $10.8 million—4.02% of its circulating supply. Plasma (XPL) will unlock 88.89 million tokens on April 25, valued at approximately $9.4 million—3.83% of its circulating supply. Hyperlane (HYPER) will unlock 89.75 million tokens on April 22, valued at approximately $8.6 million—94.37% of its circulating supply. Limitless (LMTS) will unlock 85.37 million tokens on April 22, valued at approximately $8.5 million—64.99% of its circulating supply. KAITO (KAITO) will unlock 17.6 million tokens on April 20, valued at approximately $8.1 million—4.93% of its circulating supply. Initia (INIT) will unlock 82.94 million tokens on April 24, valued at approximately $7.8 million—45.18% of its circulating supply. SoSoValue (SOSO) will unlock on April 24.
Tether Launches Self-Hosted Digital Wallet tether.wallet, Supporting Multi-Chain Asset Management
According to an official announcement, Tether launched its self-custodial digital wallet, tether.wallet, on April 14, directly opening its global financial infrastructure to end users. The wallet supports digital assets including USD₮, USA₮, XAU₮, and Bitcoin, and operates across blockchain networks such as Ethereum, Polygon, Plasma, and Arbitrum. Users can transfer funds using simple, human-readable identifiers—eliminating the need for traditional long addresses or additional network tokens—and pay transaction fees directly in the asset being transferred. tether.wallet employs local signing, with private keys and recovery phrases held exclusively by the user, emphasizing openness, neutrality, and user sovereignty. Tether stated that this product aims to simplify the use of digital assets and enhance financial inclusion, with plans to support additional blockchain networks in the future.