Plasma, a stablecoin company, is developing a new blockchain focused on offering zero-fee transactions for USDt, the prominent stablecoin. The project has garnered backing from influential figures such as Peter Thiel and Paolo Ardoino, indicating significant interest and confidence in the venture's potential impact on the financial landscape.

By eliminating transaction fees, the blockchain aims to facilitate smoother and more cost-effective digital exchanges, potentially revolutionizing the way stablecoins are utilized and expand their adoption in various industries.