Most blockchains today are trapped in the ambition to be multi-purpose platforms, ultimately sacrificing efficiency.
As a result, stablecoin transactions, which should be the backbone of cross-border payments, are often hampered by soaring gas fees and severe network congestion.
Ironically, the assets most frequently used for value transfers must compete for space with thousands of other applications on the same network.
To address this challenge, Plasma exists as a Layer 1 blockchain specifically designed to bridge the needs of stablecoins.
However, it is important to note that Plasma is not an exchange, trading platform, or marketplace for buying and selling crypto assets.
It is also important to understand that this article is solely intended as an educational tool to dissect the technical concepts and role of Plasma (XPL) Coin in strengthening the infrastructure of the blockchain ecosystem. The XPL coin is the native utility and governance token of the Plasma blockchain, a Layer 1 network specifically designed for high-volume stablecoin payments, featuring zero-fee USD₮ transfers and EVM compatibility. Launched in September 2025, Plasma aims to provide a fast, low-cost global settlement layer for digital dollars @Plasma #Plasma $XPL
