Plasma (XPL) is a Layer 1 blockchain built specifically for stablecoin payments, not a general-purpose chain. Backed by the iFinex Group, its goal is simple: remove the friction that stops stablecoins like USDT from being used in everyday payments. On most chains, users still need native tokens like ETH or TRX just to move funds. Plasma eliminates that problem.
Its key innovation is an intent-centric design that abstracts gas fees. Users can pay fees directly with the asset they are transferring, and in some cases send USDT with zero fees. This makes crypto payments feel closer to familiar systems like Visa or Alipay, lowering the barrier for real-world and commercial adoption.
Plasma balances speed and security through PlasmaBFT for sub-second confirmations while anchoring final settlement to Bitcoin for long-term security. As part of the Tether ecosystem, it offers a compliant, high-performance settlement layer. If stablecoin liquidity continues to migrate, XPL could become core infrastructure for global digital payments.
