#plasma $XPL
Plasma Blockchain (XPL token) is a Layer 1 network compatible with EVM designed for high-speed stablecoin payments and low fees, with the feature of nearly free transfers especially for USDT, and support for the use of dedicated currencies as gas within the network. The XPL token acts as the main asset for fees, validator rewards, and network security via a proof-of-stake mechanism, with a PlasmaBFT consensus architecture to enable large transaction volumes and fast confirmations suitable for global financial applications. The project attracts attention under the hashtag #plasma as an infrastructure aimed at widespread adoption of stablecoins and integration of Bitcoin through a native bridge for use in smart contracts and decentralized finance