Instead of being a general-purpose blockchain, Plasma is designed for one clear mission: fast and low-cost value movement using stablecoins. Built as a Layer-1 network within the Binance ecosystem, it delivers high speed, minimal fees, and rapid settlement for everyday payments, remittances, and large transfers.
The chain works with the Ethereum Virtual Machine, allowing developers to migrate contracts and apps without rebuilding from scratch. Its core utility token, $XPL , powers the network by covering gas, enabling staking, rewarding validators, and maintaining security.
One of Plasma’s unique ideas is customizable gas payments, where applications can choose which token users pay fees with. It also connects external liquidity through tools like a native bridge that brings Bitcoin into the Plasma environment.Before public markets opened, Binance distributed $XPL to long-term $BNB BNB supporters, giving early access to the ecosystem. Plasma aims to make stablecoin usage practical worldwide by combining speed, efficiency, and reliability creating infrastructure for payments, DeFi, and cross-border finance.
