XPL coin is the native cryptocurrency of the Plasma blockchain, a Layer-1 blockchain designed for fast, low-cost stablecoin transactions and decentralized finance (DeFi) applications. It launched its mainnet in September 2025 with a focus on enabling global payments, stablecoin transfers, and smart contracts.
Plasma’s goal is to create an open, scalable financial infrastructure that can handle trillions of dollars in on-chain value by prioritizing high throughput, low fees, and institutional interoperability. This aims to make stablecoin payments and DeFi services more accessible worldwide.
