What is Plasma ($XPL)

Plasma ($XPL) is the first Layer 1 blockchain purpose-built for stablecoins, designed to support fast, low-cost, and scalable digital dollar transactions

There has been considerable interest surrounding the $XPL token, primarily due to its innovative approach in addressing several persistent pain points commonly encountered by existing stablecoins. This growing popularity is not without merit, as the token introduces a robust framework designed to enhance stability, transparency, and efficiency within the decentralized finance (DeFi) landscape.

Read the article below to learn more about $XPL.

PLASMATicker$XPLWebsitePlasma - Stablecoin infrastructure for instant paymentsNetworkPlasmaSummary
of ProjectPlasma is a high-performance, scalable, and secure Layer 1 blockchain purpose-built for stablecoins.
Traditional blockchains were designed long before stablecoins existed and face obstacles such as high fees, centralization risks, and failed transactions. Plasma addresses these pain points with a stablecoin-first architecture and backing from Bitfinex / USD₮₀Tokenomics10 billion XPL total supply, with distribution allocated as 40% to Ecosystem & Growth, 25% to Team, 25% to Investors, and 10% to Public Sale. All core contributors and investors are subject to a three-year vesting schedule with a one-year cliff. Further details are available in the official documentation at https://docs.plasma.to/tokenomics.Token Max Supply10,000,000,000 XPLBlockchainNative layer 1 chain using Plasma BFT Consensus (inspired by Fast Hotstuff)Year incorporated2025

What is $XPL? What are its use cases?
XPL is the native gas token of the Plasma blockchain used for transaction fees, staking and network governance. It also serves as a payments asset within Plasma’s DeFi ecosystem (partner protocols include Aave, Curve, Uniswap, Ethena). Custom gas tokens later allow users to pay fees in stablecoins while retaining XPL as the core gas asset.

What sets PLASMA apart from other Web3 projects? 
Plasma is the first Layer 1 blockchain purpose-built for stablecoins, designed to support fast, low-cost, and scalable digital dollar transactions. It enables zero-fee USD₮ transfers, unlocking micro-transactions and everyday payment use cases. The network supports custom gas tokens, allowing users to pay transaction fees directly in USD₮ or BTC, and achieves sub-second finality through its high-performance PlasmaBFT consensus mechanism. Plasma’s state is anchored to Bitcoin, providing enhanced censorship resistance and security, while its full EVM compatibility, built on the Reth execution client, allows seamless deployment of existing Ethereum-based applications.

What is the project goal of PLASMA? 
Plasma’s goal is to build the global settlement layer for stablecoins, enabling fast, low-cost, and reliable dollar transfers through a Bitcoin-anchored Layer 1 network. In 2025, Plasma introduced Plasma One — targeting launch in Q1 2026 — a stablecoin-native neobank and card that extends this infrastructure to end users. The application provides permissionless access to digital dollars, allowing individuals to save, spend, earn, and send USD₮ within a single platform. @Plasma #Plasma $XPL