The stablecoin-focused Plasma blockchain has made significant strides with the debut of its native token, XPL, on major exchanges, achieving a market capitalization of over $2.8 billion. Despite a sharp 50% price drop and insider selling accusations, Plasma's founder has denied any wrongdoing, maintaining confidence in the platform's future. The blockchain has also launched Plasma One, a neobank aimed at integrating payments, savings, and transfers for stablecoin users in emerging markets, highlighting its commitment to global stablecoin adoption.
Plasma's innovations have caught the attention of industry leaders, with Ethereum co-founder Vitalik Buterin praising its potential as a security upgrade. The platform's mainnet beta, featuring $2 billion in stablecoin liquidity and zero-fee transfers, further underscores its ambition to dominate the stablecoin sector. As the cryptocurrency market rebounds, Plasma's developments are pivotal in shaping the future of digital finance, attracting both institutional interest and speculative trading activity.
Plasma's XPL Token: Navigating the Stablecoin Landscape
October 09, 2025
1 min read
The stablecoin-focused Plasma blockchain has made significant strides with the debut of its native token, XPL, on major exchanges, achieving a market capitalization of over $2.8 billion. Despite a sharp 50% price drop and insider selling accusations, Plasma's founder has denied any wrongdoing, maintaining confidence in the platform's future.