Plasma is a new layer-1 blockchain tailored specifically for stablecoin payments and high-throughput global money movement.
Its native token is called XPL.
Some of its highlighted features:
Zero-fee transfers of certain stablecoins (e.g., USDT) on the network.
A custom consensus protocol called “PlasmaBFT” (based on BFT / HotStuff-style) for fast finality and high throughput.
Full EVM (Ethereum Virtual Machine) compatibility so developers can use Solidity contracts.
A trust-minimised Bitcoin bridge, tying security or interoperability to Bitcoin.
Total Supply is10 billion XPL.
Circulating Supply at launch is about 1.8 billion XPL.
Stablecoins are growing rapidly, but many blockchains were not built specifically for them. Plasma tries to fill that gap: high throughput, low fees for stablecoin transfers, optimized for “digital dollars”.
If Plasma can deliver on zero-fee transfers for stablecoins, it could become attractive for remittances, payments, DeFi built around stable assets, etc.
Strong backing and big early liquidity signals: e.g., a yield program on a major exchange (Binance) attracted $250 million in deposits quickly.
Plasma (XPL) stands out by specialising in stablecoin infrastructure rather than being a generic blockchain. That niche could pay off if stablecoins continue to grow and need better rails. However, “specialisation” also means the project needs to perform on those rails, which remains to be seen.