Plasma Coin (often known by its ticker XPL) is the native cryptocurrency of the Plasma blockchain, a purpose-built Layer 1 blockchain optimized for stablecoin transactions and global payments. Plasma aims to combine the security of Bitcoin with the flexibility of Ethereum-compatible smart contracts to make stablecoin use faster, cheaper, and more scalable. �
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Key points:
• Purpose: Designed specifically to support stablecoins like USDT with near-instant, zero-fee or low-fee transfers, making it easier to send money across borders and power decentralized apps focused on payments. �
• Technology: Plasma is a high-performance blockchain with EVM compatibility (so Ethereum smart contracts work) and high throughput, targeting real-world financial use cases. �
• Native Token (XPL): The Plasma Coin token is used for transaction fees, staking, network security, and governance within the Plasma ecosystem. �
• Use Cases: Focused on stablecoin payments, remittances, DeFi applications, and developer tools for financial infrastructure.@Plasma #xpl #plasma