Plasma $XPL PL is a Layer 1 blockchain built specifically for stablecoin payments and settlement designed to make digital dollar transfers fast low-cost and user friendly. It is purpose-built for stablecoins like USDT and other major stable assets rather than general smart contract use cases on other chains. Plasma’s architecture combines high throughput and sub-second finality with EVM compatibility so developers can deploy existing Ethereum apps without changes while supporting massive payment volume. Its consensus engine PlasmaBFT delivers thousands of transactions per second and near instant settlement tailored for money movement not speculation. A key innovation on Plasma is zero-fee USDT transfers via a protocol paymaster system which lets users send stablecoins without needing native token gas to pay fees and users can choose to pay fees in stablecoins or supported assets like tokenized Bitcoin. The chain also includes plans for confidential transactions and a trust-minimized Bitcoin bridge to bring Bitcoin into the smart contract environment and anchor security to Bitcoin’s blockchain itself. The native token XPL secures the network through staking rewards pays fees for complex operations and supports ecosystem growth and governance. Plasma’s aim is to provide the global settlement layer for stablecoins enabling remittances merchant payments and cross-border value flows with minimal friction.
XPL
0.1424
+11.07%