Plasma XPL is an innovative Layer 1 blockchain specifically engineered for efficient and secure stablecoin settlement. It offers full Ethereum Virtual Machine (EVM) compatibility, powered by Reth, ensuring broad dApp compatibility and developer familiarity. Plasma XPL achieves sub-second transaction finality through its PlasmaBFT consensus mechanism, enabling rapid settlements.
Designed with stablecoins at its core, it introduces unique features like gasless USDT transfers and a stablecoin-first gas payment system. Its security model is anchored to Bitcoin, aiming to enhance neutrality and censorship resistance. Plasma XPL targets a diverse user base, including retail users in high stablecoin adoption markets and institutional players in the payments and finance sectors.