Plasma crypto," they are often referring to the Plasma (XPL) network, a specialized Layer 1 blockchain.
The Goal: It is purpose-built to make stablecoin (like USDT) transfers as fast and cheap as traditional fintech apps (like Venmo or PayPal).
Key Features:
Zero-Fee Transfers: It allows users to send USDT with zero gas fees.
Bitcoin Anchoring: It uses a "Bitcoin bridge" and settles data on the Bitcoin network for ultimate security.
XPL Token: The native token is used for securing the network through staking and governance.
Market Position: As of early 2026, it is gaining traction for "Real World Assets" (RWA) and institutional payments due to its high throughput and low friction.
