#plasma $XPL XPL coin refers primarily to the native cryptocurrency of the Plasma blockchain, a next-generation Layer-1 blockchain designed for high-speed, low-cost stablecoin transactions and decentralized finance (DeFi) infrastructure. However, it’s important to note that there are multiple projects using the symbol “XPL” in crypto, including unrelated tokens like XploraDEX’s XPL on the XRP Ledger, which has faced transparency concerns. In this overview, I’ll explain what the Plasma XPL coin is, how it works, its ecosystem and risks, and also briefly touch on the XploraDEX XPL situation. �

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1. Overview of Plasma’s XPL Coin

The XPL token is the native asset of the Plasma blockchain, a purpose-built Layer-1 network optimized for stablecoin scalability and global digital payments. Plasma’s architecture focuses on enabling internet-speed transfers of stablecoins (like USDT) with near-zero fees, high