Here’s a clear overview of XPL stablecoin and how it fits into the broader Plasma (XPL) blockchain ecosystem:
🪙 What Is the “XPL Stablecoin”?
There isn’t a separate “XPL stablecoin” token.
Instead, XPL refers to the native token of the Plasma blockchain, which is a Layer-1 blockchain designed specifically for stablecoin usage and payments (especially USD₮ / USDT). �
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Plasma is engineered so stablecoins like USDT (Tether) function as primary money on the network — with near-zero or zero fees for basic transfers — instead of treating them as just another token. �
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📌 How Stablecoins Work on Plasma
🟢 Stablecoin-First Design
Plasma is built to optimize stablecoin transfers (USD₮/USDT) — sub-second settlement with minimal or zero fees for simple transactions.