XPL is the native utility and governance token of the Plasma blockchain, a stablecoin-optimized, EVM-compatible Layer-1 built for fast, low-fee stablecoin transfers and DeFi integration. It has a fixed total supply of 10 billion XPL, allocated to ecosystem growth (40%), team (25%), investors (25%), and public sale (10%) with vesting schedules to limit sell pressure. XPL is used to pay transaction fees, stake in the PoS consensus, and reward validators; Plasma also employs fee burns to offset inflation. The network launched with deep stablecoin liquidity and listings on major exchanges, aiming to power scalable stablecoin payments and applications.


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