Plasma is a new Layer 1 built for one thing: stablecoin settlement that feels like real money movement. Instead of treating USDT like “just another token,” Plasma puts stablecoins first—so you can send USD₮ with zero fees (gasless transfers), and even pay network fees using stablecoins or BTC through a built-in paymaster system. Under the hood it stays familiar for developers with full EVM compatibility (Reth), but it aims for very fast finality using PlasmaBFT, a BFT-style consensus inspired by Fast HotStuff. The bigger vision is trust and neutrality at scale: Plasma plans Bitcoin anchoring/checkpointing and a Bitcoin bridge (pBTC) design to strengthen censorship resistance over time. XPL is the native token that powers security and incentives—10B genesis supply, allocations across public sale, ecosystem, team, and investors, with staking rewards (inflation) activating as validators decentralize, plus fee-burn mechanics. If Plasma pulls this off, stablecoins stop feeling like “crypto transfers” and start feeling like instant, predictable global payments—but the real tests will be subsidy sustainability for gasless USDT, oracle safety for stablecoin gas, bridge security, and decentralization execution.
XPL
0.1438
-1.64%