Plasma (XPL): A Layer 1 designed for stablecoin settlement 🚀
One-line positioning: Native L1 for stablecoins, focusing on zero Gas USDT transfers + sub-second finality + EVM compatibility + BTC-backed security, aimed at retail and payment/financial institutions
Core technology and architecture
• Consensus: PlasmaBFT (based on Fast HotStuff), sub-second finality, 2000+ TPS, fault tolerance of 1/3 nodes
• Execution: Reth fully compatible EVM; ETH contracts deployed with zero modifications, reusing tools like Solidity, Hardhat, MetaMask, etc.
• Security: BTC-backed (state snapshots on-chain BTC), enhancing neutrality and censorship resistance; native BTC bridge
• Economic model: Stablecoin prioritized Gas, supports USDT/BTC and other whitelisted assets for Gas payments; zero Gas USDT transfers (system pays)
Core highlights (memory points)
• ✅ Zero Gas USDT transfers: Regular USDT transfers do not require holding XPL, system pays the bill
• ✅ Stablecoins pay Gas: Use USDT/BTC for payments, no need to swap for native coins, lowering the barrier
• ✅ Sub-second certainty: Transfers confirmed in seconds, no rollback anxiety
• ✅ ETH compatibility + BTC security: Seamless migration for developers, securely anchored to Bitcoin
Target users
• Retail: High stablecoin adoption market, seeking low-cost + fast transfers
• Institutions: Payment/financial scenarios, valuing high throughput + finality + compliance
Tokens and ecosystem
• Native token: XPL, total supply of 10 billion
• Investors: Founders Fund (Peter Thiel), Framework Ventures, Bitfinex, Tether; cumulative funding of $74 million (as of September 2025)
• Ecosystem progress: Integrated NEAR Intents, supporting cross 25+ chains, 125+ assets and XPL/USDT0 interconversion
One-sentence summary
L1 born for stablecoins: zero Gas USDT transfers, sub-second confirmation, EVM compatibility, BTC-backed security, usable by both retail and institutions.
$$XRP
@Plasma
One-line positioning: Native L1 for stablecoins, focusing on zero Gas USDT transfers + sub-second finality + EVM compatibility + BTC-backed security, aimed at retail and payment/financial institutions
Core technology and architecture
• Consensus: PlasmaBFT (based on Fast HotStuff), sub-second finality, 2000+ TPS, fault tolerance of 1/3 nodes
• Execution: Reth fully compatible EVM; ETH contracts deployed with zero modifications, reusing tools like Solidity, Hardhat, MetaMask, etc.
• Security: BTC-backed (state snapshots on-chain BTC), enhancing neutrality and censorship resistance; native BTC bridge
• Economic model: Stablecoin prioritized Gas, supports USDT/BTC and other whitelisted assets for Gas payments; zero Gas USDT transfers (system pays)
Core highlights (memory points)
• ✅ Zero Gas USDT transfers: Regular USDT transfers do not require holding XPL, system pays the bill
• ✅ Stablecoins pay Gas: Use USDT/BTC for payments, no need to swap for native coins, lowering the barrier
• ✅ Sub-second certainty: Transfers confirmed in seconds, no rollback anxiety
• ✅ ETH compatibility + BTC security: Seamless migration for developers, securely anchored to Bitcoin
Target users
• Retail: High stablecoin adoption market, seeking low-cost + fast transfers
• Institutions: Payment/financial scenarios, valuing high throughput + finality + compliance
Tokens and ecosystem
• Native token: XPL, total supply of 10 billion
• Investors: Founders Fund (Peter Thiel), Framework Ventures, Bitfinex, Tether; cumulative funding of $74 million (as of September 2025)
• Ecosystem progress: Integrated NEAR Intents, supporting cross 25+ chains, 125+ assets and XPL/USDT0 interconversion
One-sentence summary
L1 born for stablecoins: zero Gas USDT transfers, sub-second confirmation, EVM compatibility, BTC-backed security, usable by both retail and institutions.
$$XRP
@Plasma