As of today, the Adobe 2021 apps are only available for Intel architecture Macs. Therefore, the plugin for Adobe 2021 will also be available for the Intel architecture. If you run the Adobe 2021 apps and the plugin on Apple ARM-based platforms, both will be executed inside the Rosetta translation environment.
When Adobe releases native 2021 apps for Apple ARM-based platforms, the plugin needs to be upgraded and built for this platform on its own. As of today, Adobe has not not yet announced when they will take this step and provide developers with the required SDK.