XPL Coin (Plasma Network) – Detailed Overview
XPL is the native cryptocurrency of the Plasma Network, a Layer-1 blockchain designed specifically for stablecoins and fast digital dollar payments. Plasma aims to become a global settlement layer for stablecoin transactions, focusing on speed, low fees, and large-scale financial use cases such as remittances, payments, payroll, and decentralized finance (DeFi).
Plasma officially launched its mainnet beta in September 2025, and XPL was listed on major exchanges including Binance, OKX, Bitget, and Kraken, quickly reaching a multi-billion-dollar market capitalization.
Plasma Network Vision
Plasma is built to solve key problems in traditional blockchains, especially for stablecoin usage. Many existing blockchains suffer from high fees, slow confirmations, and poor user experience for everyday payments. Plasma focuses on:
High-speed transactions
Near-zero or zero fees for stablecoin transfers
Deep integration with USDT and other stablecoins
Enterprise-grade performance for large transaction volume@Plasma $XPL
