Plasma (XPL): A Blockchain Designed Around Stablecoins
Plasma is a Layer-1 blockchain built with a clear focus on stablecoin payments rather than general experimentation. As stablecoins continue to grow as a preferred medium for digital value transfer, Plasma aims to provide infrastructure that is faster, cheaper, and easier to use than traditional blockchain networks.
One of Plasma’s defining features is gasless USDt transfers. Users can send stablecoins without holding the native XPL token or worrying about transaction fees. This is handled directly at the protocol level, creating a smoother payment experience. Fees still apply to non-stablecoin transactions, ensuring validators remain properly incentivized and the network stays secure.
The network is powered by PlasmaBFT, a consensus mechanism based on HotStuff that offers quick finality and strong fault tolerance. Its execution layer uses Reth, an Ethereum-compatible client written in Rust, allowing developers to build EVM applications without changing their existing workflows.
XPL is the native asset that underpins the Plasma network. It is used for staking, validator rewards, and transaction fees outside of gas-free USDt transfers. The total initial supply is 10 billion XPL. Of this, 10% is allocated to the public sale, 40% is reserved for ecosystem growth, partnerships, and liquidity, 25% is allocated to the team, and 25% to investors, with long-term vesting structures to ensure alignment.
Plasma runs on a proof-of-stake model with validator rewards funded through controlled inflation that gradually decreases over time. Transaction base fees are burned, helping balance emissions as network usage grows. Plasma positions itself as a payment-focused blockchain built for the next phase of stablecoin adoption.