Plasma is a Layer-1 blockchain built specifically for stablecoin payments, aiming to enable high-volume, low-cost transfers of digital dollars globally. around 1.8 billion tokens they supplied.
The native token XPL is used for network security (staking/validators), paying fees for non-stablecoin operations, and other governance/utility functions.
Current Price approximately US$ 0.24 per XPL.
Some highlights of its design: • Sub-second block times & high throughput designed for payments.  • Zero‐fee transfers for certain stablecoins (they subsidise gas for those transfers) so users don’t always need XPL just to move money.  • EVM‐compatibility, meaning developers used to Ethereum tool-chains can build on it.