@Plasma ’s token is XPL. Their tokenomics documentation states 10,000,000,000 XPL initial supply at mainnet beta launch, with validator incentives and an expansion path that starts more centralized and targets a move toward permissionless participation as the validator set grows.
The ecosystem pitch is clear: retail users in high stablecoin adoption markets and institutions in payments/finance—with strong emphasis on DeFi and payment partners to bootstrap liquidity and real usage. Plasma also publicly announced a mainnet beta date (Sept 25, 2025) and claimed large day-one stablecoin activity and broad partner involvement.
Use cases are brutally real: remittances, merchant payments, payroll, cross-border settlement, payouts, and “dollar access” where local rails fail people.
But risks are real too: fee-free transfers rely on subsidy + controls, bridges are historically risky (and this one is still under development), decentralization is phased, and a stablecoin-first thesis concentrates adoption and regulatory exposure around major stablecoins.
