$XPL the stablecoin-optimized Layer 1 blockchain (as of early February 2026):
Purpose-Built for Stablecoins — Plasma is a high-performance, EVM-compatible Layer 1 blockchain specifically designed for global stablecoin payments (especially USDT/USD₮), not general-purpose dApps. It enables near-instant transfers, high throughput (1,000+ TPS), sub-second to <12-second block times, and institutional-grade security via PlasmaBFT consensus (a Fast HotStuff derivative).
Zero-Fee USDT Transfers — A standout feature is its built-in paymaster system, which sponsors gas fees for simple USD₮ (USDT) transfers. Users can send stablecoins without holding the native $XPL token or paying any fees, making it ideal for remittances, micropayments, and frictionless global payments — positioning Plasma as a competitor to traditional rails like SWIFT.
Native Token Utility ($XPL) — $XPL is the native asset used for staking (securing the Proof-of-Stake network), validator rewards, paying gas fees (for non-USDT transactions), and custom gas options (e.g., paying in whitelisted assets like USDT or BTC). It underpins network security and economics beyond the gasless stablecoin transfers.
Current Market Snapshot — As of February 2, 2026, XPL trades around $0.10–$0.105 USD, with a market cap of approximately $220–$226 million (ranked ~#237). 24-hour trading volume is $70–$90 million, circulating supply is ~1.8–2.2 billion XPL (out of a total/max supply of 10 billion). It has seen volatility, including an all-time high of ~$1.68 in late 2025 and recent dips.
Key Ecosystem Stats & Positioning — Plasma ranks among the top networks for USDT balance (often 4th by stablecoin deposits, with billions in TVL), supports 25+ stablecoins, operates in 100+ countries, and includes features like a native Bitcoin bridge and confidential transactions. It launched mainnet beta in late 2025 and continues focusing on stablecoin infrastructure for payments in 2026.
#Plasma emphasizes practical utility in the growing stablecoin economy over hype. For the most up-to-date details, check plasma.to, CoinMarketCap/CoinGecko, or their X (
@Plasma ). Crypto is volatile — always DYOR!