In the world of cryptocurrency, when people mention XPL, many immediately think of the Plasma chain, specifically designed for stablecoins. It is not just another generic public chain but directly targets the trillion-dollar track of 'digital dollars', with an ambition to dominate the stablecoin payment field. From the moment its mainnet launched in 2025, Plasma has positioned itself as the 'native chain for stablecoins'. Zero transaction fees for transferring USDT, sub-second confirmations, and an on-protocol paymaster system allow users to issue stablecoins without even holding XPL—effectively lowering the entry barrier to the level of WeChat transfers. Imagine cross-border remittances, daily small payments, DeFi lending, and even offline consumption, all running smoothly on a single chain, without being deterred by high gas fees or worrying about delays and lags. Once this experience becomes widespread, who would want to go back to using older chains that are congested and costly? What's bolder is that Plasma not only optimizes the payment layer but also deeply integrates with the Bitcoin ecosystem. Through the native BTC bridge, BTC can directly participate in smart contracts and DeFi activities, effectively opening a gateway to the stablecoin world for Bitcoin assets. With backing from Tether and support from giants like Bitfinex, coupled with early TVL easily breaking tens of billions, many felt at one point: this chain is about to take off, XPL is set to dominate the stablecoin track. As a native token, XPL's position is actually quite stable. It is responsible for network security (staking validation), gas fees for non-stablecoin transactions, validator rewards, and is expected to unlock governance and incentives for more functionalities in the future. Officials even compared XPL to the 'central bank reserve asset of the new financial system'—stablecoins are the circulating currency, while XPL is the cornerstone supporting the entire system. As the total supply of stablecoins continues to sprint towards trillions, on-chain transaction volume explodes, the demand logic for XPL becomes clear: the more people use it, the more gas is burned, the more is staked, the more its value is anchored. Of course, the market always has its ups and downs. The price drop at the end of 2025, where prices were cut in half repeatedly, has led many to be pessimistic. But looking back now, the early 2026 Plasma seems more like it's waiting for a big move: stable daily trading volumes, hundreds of millions in on-chain activity, the European VASP license landing, neobank products launching, and more DeFi protocols integrating... these are all real demands slowly accumulating. When the market is cold, you can see who is truly building infrastructure. In summary: XPL's dominance lies not in short-term explosive growth, but in its grip on the most essential and trillion-dollar market of stablecoins. When the world truly adopts 'digital dollars' as a daily payment tool, Plasma is likely to become the default underlying track, with XPL being the indispensable 'pass' and 'fuel' on that track. At that time, looking back at today's range of $0.08, many may regret: the opportunity for dominance was hidden in the quiet consolidation.

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