XPL is the native token of Plasma, a Layer 1 blockchain built for stablecoins. Its main role is to secure the network through staking and to support validators who run the chain. Validators lock XPL to help process transactions and keep the network stable and reliable.
XPL is also used for advanced transactions and network level functions beyond basic stablecoin transfers. Simple USDT transfers on Plasma can be zero fee, but XPL remains important for governance, security, and incentive alignment.
As Plasma grows and more applications, validators, and users join the network, XPL becomes a core part of how the system operates. It is not designed as a payment token for daily spending, but as infrastructure that supports the stablecoin focused network.