Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
#Plasma Paymaster System: How it Enables Zero-Fee USDT Transfers
The Plasma paymaster system is a game-changer for #stablecoin transactions, covering gas costs for USDT transfers and making them essentially free. Here's how it works:
- Verification: When you initiate a USDT transfer, the paymaster checks your eligibility.
- Gas Coverage: If you're eligible, the paymaster covers the gas cost using its XPL reserves.
- Transfer: You send $50, and the recipient gets $50, with no deductions or gas tokens needed.
The paymaster system uses lightweight identity verification and rate limits to prevent abuse, ensuring the network remains secure and sustainable. This innovative approach removes a significant barrier for users and payment-focused applications, making Plasma an attractive option for stablecoin transactions.
Key Benefits
- Zero-Fee Transfers: Plasma's paymaster system enables zero-fee USDT transfers, making it ideal for cross-border payments and microtransactions.
- Custom Gas Tokens: Users can pay fees in USDT or BTC, adding flexibility and convenience.
- EVM Compatibility: Plasma supports Ethereum smart contracts, allowing seamless deployment and integration with existing DeFi protocols.
$XPL