Plasma (XPL) is a specialized Layer 1 blockchain designed specifically to act as a high-throughput, "stablecoin-native" network. Launched in September 2025, it aims to solve the inefficiencies of high fees and slow transactions often found when using stablecoins on general-purpose blockchains. By offering near-instant, zero-fee USDT transfers, Plasma aims to become the premier settlement layer for digital dollar payments and DeFi applications, backed by significant institutional support.
