XPl#USGovShutdown update of xpl Plasma (XPL) is a Layer-1 blockchain specifically designed to facilitate high-volume, low-cost, and, in some cases, fee-free stablecoin transactions (particularly for USDT). As the native token of the Plasma network, XPL provides several benefits for users, developers, and investors. core benefit of the Plasma network is that it allows for zero-fee USDT transfers via a built-in "paymaster" system, which removes the need for users to hold native tokens for gas. For more complex transactions, fees can be paid in multiple tokens, including Delegation Opportunities: Token holders can delegate their XPL to validators to participate in network consensus and earn a share of rewards without needing to run their own infrastructure.
Bitcoin-Anchored Security: The Plasma chain anchors transaction data to the Bitcoin blockchain, providing enhanced, trusted security for assets on the network.
EVM Compatibility: As an Ethereum Virtual Machine (EVM)-compatible blockchain, Plasma allows developers to deploy existing Solidity smart contracts and use tools like MetaMask seamlessly, facilitating a smooth transition for decentralized applications (dApps). or USDC.