*Plasma XPL: Plasma XPL is a cutting-edge, Layer 1 blockchain designed specifically for high-volume, low-cost global stablecoin payments. This innovative platform enables zero-fee USDT transfers, custom gas tokens, and a native Bitcoin bridge, making it an ideal solution for institutions and individuals alike.
*Key Features:*
- *Zero-Fee USDT Transfers*: Plasma XPL offers feeless transactions for USDT transfers, making it an attractive option for cross-border payments and remittances.
- *Custom Gas Tokens*: Users can pay fees in whitelisted assets like USDT or BTC, eliminating the need for separate XPL balances.
- *Bitcoin Bridge*: Plasma XPL's trust-minimized Bitcoin bridge enables BTC to flow directly into its EVM environment, expanding use cases for Bitcoin holders.
- *EVM Compatibility*: Plasma XPL is fully compatible with Ethereum smart contracts, making it easy for developers to deploy and build on the platform ¹ ² ³.
*XPL Tokenomics:*
The XPL token serves as the native utility and governance token, powering the Plasma network's consensus, security, and ecosystem growth. With a fixed supply of 10 billion tokens, XPL is used for staking, governance, and transaction fees .