#plasma $XPL Plasma (XPL) is a Layer 1 blockchain focused on fast, low-cost global stablecoin payments, offering features like zero-fee USDT transfers, EVM compatibility, a native Bitcoin bridge, and uses Proof-of-Stake for security, with the XPL token used for staking, governance, and gas fees. Launched in late 2025, it quickly saw massive stablecoin inflows, aiming to be essential stablecoin infrastructure with its unique hybrid architecture combining Bitcoin security and Ethereum's programmability.