Plasma (XPL) is a high-performance Layer 1 blockchain specifically designed to facilitate stablecoin payments (especially USDT) globally with instant speed, zero fees, and EVM compatibility. Launched for mass adoption, Plasma allows USDT transfers without fees, supports custom gas tokens, and is backed by a Bitcoin bridge.
Here are the key points regarding Plasma (XPL):
Main Focus: Designed to make stablecoins (like USDT) the primary payment tool, reducing friction in transactions, and increasing adoption in the global market.
Native Token ($XPL): Used for network security through staking, governance, and transactions.
Key Features: Zero fee USD₮ transfers, transaction settlement in less than 1 second (high speed), and full compatibility with EVM (Ethereum Virtual Machine).
Security & Support: Supported by Plasma BFT mechanism and bridges to the Bitcoin network.
Plasma aims to be a financial infrastructure that connects Web2 functionality with Web3 efficiency, focusing on the use of stablecoins rather than speculative trading.
XPLUSDT
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