Plasma
Plasma is a high-performance, EVM-compatible Bitcoin sidechain built specifically for stablecoins . It offers zero-fee USD₮ transfers, thousands of TPS, and robust Bitcoin-level security, enabling faster, cheaper global payments . Its ecosystem and tooling are focused on enterprise fintech use-cases like remittances and merchant payments.
Industry
Market Categories
Blockchain Settlement Platforms
Business function (Horizontal)
Headquarters Location
Seattle, Washington, USA
Product Name
Plasma
Parent Company
Plasma
Founder
Paul Faecks (CEO) and Christian Angermayer
Web2vsWeb3
Web3
Access Model
API
Target Users
Enterprises
Competitors
Competes with Ethereum, Tron, Solana, and Avalanche for stablecoin hosting, and Bitcoin sidechains like Rootstock and Liquid Network.
Business Function (stablecoins)
Feature completness
Product differentiation
Offers zero-fee USD₮ transfers, high throughput, and Bitcoin-anchored security, optimized specifically for stablecoins, unlike general-purpose blockchains.
Privacy & Data protection certificate
Years in business
1.41
Employees
10-100
Horizontal Applications
Peer-to-Peer (P2P) Payments, Payment Rail, Settlements, Liquidity
Tech stack modernity
Uses PlasmaBFT consensus for thousands of transactions per second and a Rust-based Ethereum execution engine (Reth) for speed.
Product Roadmap
NA
Product Roadmap
NA
API Quality
Production-Ready
Documentation Link
Enterprise readiness
Built for high availability and institutional needs, with planned banking and BaaS integrations, though full SLAs are not yet disclosed.
Security & Compliance Readiness
Anchors state roots to Bitcoin for robust security, with plans for confidential transactions; no formal certifications (e.g., SOC2) yet announced
Documentation quality assessment
Comprehensive GitBook docs at docs.plasma.to, covering architecture, consensus, and APIs, noted for clear structure.
Support Methods
Primarily through Discord community and newsletters; no dedicated support or SLA details available yet.
Critical capabilities
Uses PlasmaBFT consensus for thousands of transactions per second and a Rust-based Ethereum execution engine (Reth) for speed. Fully EVM-compatible, enabling seamless use of Ethereum smart contracts and integration with stablecoin issuers and fintech platforms.
Support & Account Management
Primarily through Discord community and newsletters; no dedicated support or SLA details available yet.
51 Score™
404.58
Product & Service
36.0
Stability & Maturity
53.3
Technology & Innovation
20.0
Enterprise Readiness
52.5
Categorization
Founder
Paul Faecks (CEO) and Christian Angermayer
Parent Company
Plasma
Market category
Blockchain Settlement Platforms
Target Users
Enterprises
Top competitors
Competes with Ethereum, Tron, Solana, and Avalanche for stablecoin hosting, and Bitcoin sidechains like Rootstock and Liquid Network.
