@Plasma token (XPL) is the native cryptocurrency of the Plasma blockchain, a high-performance Layer-1 network built for stablecoin payments and global money movement. Plasma aims to offer zero-fee transfers of major stablecoins like USDT while combining the security of Bitcoin’s sidechain architecture with full Ethereum Virtual Machine (EVM) compatibility for smart contracts and DeFi apps.

$XPL plays several key roles in the ecosystem: it secures the network through staking, pays for transaction fees on non-USDT operations, and enables governance participation in protocol upgrades. Validators stake XPL to maintain consensus and earn rewards, and the token also supports incentives for developers and ecosystem growth. The total supply is capped at 10 billion tokens, with allocations for the public sale, team, investors, and ecosystem development.

Backed by notable investors and integrated with many DeFi protocols, #Plasma and its XPL token target faster, cheaper stablecoin use across remittances, payments, and decentralized finance.