#plasma $XPL @Plasma XPL is the native utility and staking token of the Plasma blockchain, a purpose-built Layer-1 chain optimised for stable-coin payments, offering zero-fee USDT transfers and EVM compatibility. It has an initial total supply of 10 billion tokens. XPL is used to pay fees (for complex transactions), secure the network via staking, and reward validators, while simple USDT transfers may be subsidised by the protocol rather than requiring XPL from users. The token launch coincided with Plasma's mainnet beta, which featured over $2 billion in stable-coin liquidity at start.