Online reports, according to CoinDesk, crypto startup Plasma recently announced the technical features of its stablecoin-specific blockchain, which uses a "HotStuff-inspired" consensus mechanism and promises to achieve fast and efficient global stablecoin transfers. HotStuff Consensus is a Byzantine Fault Tolerance (BFT) mechanism that allows the system to reach consensus even if some nodes fail or behave maliciously. Unlike traditional BFT systems that require multiple back and forth confirmations for each node, the HotStuff mechanism simplifies this process. The leader node makes decisions, verifies that the node confirms in one step, and allows seamless replacement when the leader node behaves abnormally, thereby reducing latency and improving efficiency. Plasma announced on social media X: "Plasma core adopts PlasmaBFT, a consensus protocol based on Fast HotStuff-optimized for fast finality and low latency, and supports high-frequency global stablecoin transfers." It is reported that the Plasma blockchain is specially designed for Tether, the world's largest dollar stablecoin with a market value of US$144 billion. The stablecoin accounts for more than 60% of the stablecoin market, and its issuer made a profit of US$13.7 billion last year. Early supporters of the project include venture capitalist Peter Thiel, Tether CEO Paolo Ardoino and Split Capital's Zaheer Ebtikar.