The recent buzz in the stablecoin payment track is heating up. Plasma (XPL), a Layer 1 blockchain specifically designed for stablecoins, has emerged suddenly. With a combination of zero-fee transfers and high compatibility, it is rapidly capturing the market. Data shows that by January 2026, its TVL has surpassed $2 billion, supported by mainstream platforms such as a leading exchange, and it is becoming a new force in the crypto payment field.

Unlike other general-purpose public chains, Plasma's positioning is very clear—it is born for stablecoin payments. The project launched its mainnet Beta in September 2025, with a native token XPL total supply set at 10 billion. Why create a separate chain for this purpose? Simply put, when major networks like Ethereum and Solana become congested, gas fees skyrocket, and transaction speeds lag behind, turning into a nightmare for daily payments and cross-border remittances. Plasma's solution is USDT zero-fee transfers, sub-second settlement, and TPS exceeding 1000—these metrics make it competitive in payment scenarios.

Technically, Plasma enables users to initiate USDT transfers without paying gas through its Paymaster system, truly achieving zero barriers. It not only supports mainstream stablecoins like USDT and USDC but also supports BTC assets via cross-chain bridges. Users can customize gas tokens and do not necessarily need to hold XPL. Built on an EVM-compatible Reth client, DApps on Ethereum can seamlessly migrate over. Even better, Plasma has an integrated confidential transaction feature to protect payment privacy, and it achieves deep integration with Bitcoin through a trust-minimized cross-chain scheme.

From cross-border remittances to daily payments, Plasma offers a relatively complete set of solutions.