#XPL Plasma (XPL) is an EVM-compatible Layer-1 blockchain optimized for stablecoin transactions, enabling zero-fee USDT transfers and high throughput payments in the 2025 cryptocurrency environment. Plasma launched in public testnet on September 25, 2025, targeting the $220 billion stablecoin market by prioritizing speed, low costs, and the integration of Decentralized Finance to address issues, receiving $24 million dollars in funding from investors such as Peter Thiel and Tether CEO Paolo Ardoino. This article explores Plasma's core mechanisms, its
$XPL tokens, and why it has become a