Stablecoins are accelerating the adoption rate of blockchain technology, and recently, a stablecoin-focused blockchain made its debut to bring forth a new and stable global financial system.
Welcome to Plasma, the purpose-built ecosystem for global stablecoin payments.
What is Plasma?
Founded in 2024 and live in September 2025, the newly launched stablecoin-specialized Layer 1 blockchain Plasma positions itself as a leader for decentralized stablecoin payments on a global scale. The question is, how does Plasma plan to reshape and power this multi-trillion-dollar industry?
Backed by Bitfinex, Framework, USDT0 and praised by the CEO of Tether, Paolo Ardoino, the Plasma blockchain raised a whopping $373M with the $XPL token sale establishing a $500M FDV before the token launch.
Why Plasma?
Powering features beyond your average chain, Plasma simplifies the user experience by enabling transaction fees to be paid in whitelisted assets, including $USDT and $BTC. The Plasma blockchain is capable of processing over 1,000 TPS with under 1-second block times thanks to its PlasmaBFT consensus mechanism.
Beyond that, users can take advantage of zero-fee $USDT transfers while simultaneously benefiting from its confidentiality-preserving transfer system that shields sensitive transaction data, including transfer amounts, addresses, private balances, memos and more!
Security, simplicity, privacy, and efficiency are paramount with every transaction on Plasma.
Stablecoins will be used worldwide for everyday transactions, whether that’s someone buying an orange from Walmart or corporations transferring $50B for a deal. That’s why Plasma offers a borderless network spanning over 100 countries, supporting 100+ currencies and more than 200 accepted payment methods to make stablecoin transactions mainstream.
Ecosystem & Partners
Home to the A-team for stablecoin applications, Plasma is partnered with industry leaders including Privy, Walapay, Hifi, YellowCard, and over 50 more to provide the most secure and efficient network for everything stablecoin-related. And it goes to show that, with already over $1 billion in stablecoin deposits, supporting 15+ leading stablecoins, and sitting as the 6th largest network by $USDT balance.
Plasma One
Coming soon, the launch of Plasma One will introduce a new and exciting all-in-one hub for your money where users can get a Plasma card, claim 4% cash back, earn 10%+ yield, and send $USDT for free. Why use FIAT when you can enjoy the decentralized benefits of stablecoins on Plasma?
Plasma Token ($XPL)
Right at the core of it all is the native token $XPL, which is used to secure the network via Proof-of-Stake (PoS), reward validators, and to fund network transaction fees (excluding $USDT transfers). Despite the minimal utility, $XPL plays a major role in the Plasma ecosystem.
Conclusion
At the time of writing, the $XPL token is trading at $0.88 with a large market cap of $1.59B. Very recently, $XPL created an ATH of $1.68, and despite being down 47.55%, it is still up over 27% from its ATL of $0.69. As a new token in the market, it will be exciting to see how the bull market will treat $XPL and if it can print crazy highs!
Official Plasma Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
