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Plasma (XPL) is a Layer 1 blockchain specifically designed to optimize global payments with stablecoinsOperating under an architecture fully compatible with the Ethereum Virtual Machine (EVM), the project is led by its CEO and co-founder, Paul Faecks, who leads a team of 30 professionals with experience in leading companies such as Apple, Microsoft and Goldman Sachs.
Plasma's origins are marked by strong institutional backing, including Tether CEO Paolo Ardoino, Peter Thiel's Founders Fund, and Framework Ventures. Its main network entered beta on September 25, 2025, quickly positioning itself as a specialized financial infrastructure for the new era of digital money.
A space dedicated to stablecoins
Plasma's fundamental objective is to establish itself as "the best possible home for stablecoins"solving critical problems of general-purpose networks such as Ethereum These traditional networks were not built to meet the specific demands of digital dollars, resulting in high transaction fees, a complex user experience, and the need to hold additional volatile tokens to pay for gas. Plasma addresses these shortcomings by integrating stablecoin support directly into the core of its protocol, enabling near-instant settlements and removing the technical barriers that limit the everyday use of these assets.

The native token of the Plasma network is $XPL, essential for security, governance, and the economic model. The XPL Token Generation Event launched September 25, 2025, following one of the year's most successful fundraising campaigns. The public sale conducted July 17-28, 2025 attracted thousands of participants and raised $373M against a $50M target - representing 7x oversubscription.
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Total Supply: 10,000,000,000 $XPL‍Circulating Supply: 1,800,000,000 XPL (18% of total)‍Consensus: Proof-of-Stake‍
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