#plasma $XPL @Plasma In the context of Binance, Plasma refers to a recently listed Layer 1 blockchain project with the native token XPL. It is primarily designed as a high-performance infrastructure for global stablecoin payments.

Here is a breakdown of what you need to know about Plasma on Binance:

1. The Asset: Plasma (XPL)

Purpose: Unlike general-purpose blockchains, Plasma focuses on being a "settlement layer" for stablecoins like USDT.

Key Features: It offers gasless (zero-fee) USDT transfers and sub-second transaction finality using a consensus mechanism called PlasmaBFT.

Compatibility: It is fully EVM-compatible (Ethereum Virtual Machine), meaning developers can easily move Ethereum-based apps onto the Plasma network.

2. Trading and Integration

Trading Pair: You can trade XPL/USDT on the Binance Spot market.

Wallet Support: The Binance Web3 Wallet fully supports the Plasma network, allowing you to store, send, and receive XPL directly.

Earn & Services: Binance has integrated XPL into several services, including VIP loans, Binance Convert, and Margin trading.