XPL is the native token for Plasma, a Layer-1 blockchain built for fast, low-cost stablecoin payments, offering near-instant, zero-fee USDT transactions with EVM compatibility, bridging Bitcoin, and institutional features like card issuance, secured by staking XPL for network security and validator rewards. It functions like Ethereum or Bitcoin's native tokens but focuses on global stablecoin infrastructure, aiming to bring traditional finance on-chain with features like custom gas tokens (allowing users to pay fees with stablecoins).
Key Aspects of Plasma (XPL):
Purpose: A high-performance blockchain optimized for stablecoin settlements and global money movement, integrating traditional finance infrastructure#Plasma $XPL
