The XPL token is the native utility and governance asset of Plasma, a Layer 1 blockchain launched in late 2025 specifically designed for global stablecoin infrastructure. Optimized for digital dollars, Plasma facilitates zero-fee USDT transfers through a specialized "paymaster" system that sponsors gas costs for users.
XPL secures the network through Proof-of-Stake consensus and is required for complex smart contract operations. It features an initial annual inflation of 5%, tapering to 3%, balanced by a fee-burn mechanism. Backed by investors like Peter Thiel and Bitfinex, XPL debuted on major exchanges in September 2025. @Plasma #plasma $XPL
