About Plasma
Plasma is a Layer-1 blockchain built for fast, low-fee stablecoin payments, with a focus on USDT transfers and EVM-compatible financial applications. The network was developed by Plasma Labs, though specific individual founders are not widely named in public sources. The mainnet beta and XPL token launched on September 25, 2025, alongside token generation and exchange listings. Plasma uses a proof-of-stake consensus mechanism where validators stake XPL to secure the network and earn block rewards. The native token, XPL, is used to pay gas fees for transactions and smart contracts, to stake and secure the network, and to participate in governance over protocol upgrades. XPL has an initial total supply of 10 billion tokens, with roughly 1.8 to 2.8 billion in circulation as of 2026. Validator rewards introduce ongoing programmatic issuance, making the supply inflationary in practice. The network is designed around stablecoin payments and aims to enable low-cost global value transfer.
Plasma One users locked out as authentication provider outage hits during upgrade
The outage highlights the vulnerability of relying on third-party services, potentially undermining user trust in fintech platforms.
Stripe and Plasma plan stablecoin cards for 100-plus countries by 2027
Stripe and Plasma's stablecoin cards could revolutionize global transactions, reducing fees and delays, and enhancing financial inclusivity.
Frax CEO says businesses will drive next wave of stablecoin adoption as firm tests lending product
Frax CEO Sam Kazemian outlines plans for receivables financing, business payments and stablecoin lending through FraxNet.
Visa in late-stage talks to buy Fireblocks for about $2.5 billion: Report
Visa's potential acquisition of Fireblocks could reshape crypto custody dynamics, influence stablecoin infrastructure, and impact market valuations.
CryptoRank lists top 6 token unlocks this week, led by AKE at $62.42 million
The influx of unlocked tokens may lead to increased market volatility, impacting token prices and investor strategies in the short term.
Plasma partners with Stripe to build multi-currency stablecoin cards
The partnership could revolutionize global transactions by reducing currency conversion costs, enhancing financial inclusivity, and boosting stablecoin adoption.
A sourced map of Plasma's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Plasma and the wider market, hosted by our team, will appear here once episodes are live.