Plasma is built for that exact switch. It is a Layer 1 made for high volume low cost stablecoin payments, with full EVM compatibility so builders can ship fast, and sub second style settlement so payments feel instant.
Plasma Mainnet Beta is live with Chain ID 9745 and public RPC rpc plasma to, running about 1 second average block time. Consensus is PlasmaBFT, a Fast HotStuff variant in a Proof of Stake design. Execution is powered by Reth in Rust, with full Ethereum contract and tooling compatibility.
Payments break when users must hold a gas token just to move dollars. #Plasma ships gasless stablecoin transfers through a managed relayer system, scoped to direct USDT0 transfers with identity aware controls to reduce abuse.
XPL is the native token for staking and network fees where subsidies do not apply. Total supply is 10 billion XPL with distribution 10 percent public sale 40 percent ecosystem growth 25 percent team 25 percent investors.
Plasma integrated NEAR Intents, expanding cross chain swaps and settlement access using the 1Click Swap API, connecting Plasma into a larger chain abstracted liquidity pool.
Benefit is simple, fast finality plus EVM familiarity plus stablecoin first UX. Exits are built around stablecoin bridging flows and growing cross chain routing via Intents so users can move value in and out with fewer steps.
I want to see stablecoin native features roll out beyond direct transfers, more stable fee options, and more distribution deals that turn Plasma from a chain into a settlement rail people naturally route through.
Explorer currently shows about 1.00s block time, around 145M total transactions, and roughly transactions and fees tracked live on the tx pages and charts. XPL price and network TPS are also updating in real time on the explorer dashboard.
