#plasma $XPL

Plasma is a specialized Layer 1 blockchain optimized for stablecoin payments, featuring zero-fee USD₮ transfers and sub-second finality. It utilizes the Proof-of-Stake (PoS) "PlasmaBFT" consensus, is EVM-compatible, and supports custom gas tokens. The XPL token acts as the native asset for fees and security. 

Key Aspects of Plasma (XPL) Blockchain:

Purpose-Built for Stablecoins: Designed to facilitate frictionless, high-volume stablecoin transactions, primarily targeting USD₮, rather than acting as a general-purpose chain.

Zero-Fee & Custom Gas: Offers gasless (sponsored) transfers for USD₮. Its Paymaster smart contract enables users to pay network fees using any supported ERC-20 token, including stablecoins, rather than needing to hold XPL.

Technology Stack:

Consensus: Uses PlasmaBFT, a Byzantine Fault Tolerant protocol providing fast, near-instant transaction finality.

EVM Compatibility: Developers can easily deploy existing Ethereum-based applications and smart contracts.

Security: Anchors security to the Bitcoin network via a specialized bridge.

Native Token (XPL): Used for governance, validator staking to secure the network, and for transaction fees on non-sponsored, complex smart contract interactions.

Infrastructure: Includes built-in tools for compliance, card issuance, and fiat on/off ramps.

Launch and Performance: Launched mainnet in September 2025, quickly reaching over $2 billion in stablecoin liquidity. 

Plasma aims to bridge the gap between traditional finance and decentralized applications by making blockchain payments as fast and cheap as traditional systems.