{"id":49487,"date":"2025-09-25T13:01:47","date_gmt":"2025-09-25T13:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49487"},"modified":"2025-09-25T13:01:47","modified_gmt":"2025-09-25T13:01:47","slug":"stablecoin-focused-plasmas-xpl-token-debuts-with-over-2-4b-market-cap","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49487","title":{"rendered":"Stablecoin-Focused Plasma’s XPL Token Debuts With Over $2.4B Market Cap"},"content":{"rendered":"
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The stablecoin-focused Plasma blockchain’s native token, XPL, debuted on major exchanges, including Binance and OKX, on Thursday.<\/p>\n

The token drew a price of up to $1.54 in early trading, resulting in a market capitalization of over $2.8 billion. The plasma token has a genesis supply of 10 billion, of which 18% or 1.8 billion is now in circulation.<\/p>\n

The Plasma network also debuted with over $2 billion in stablecoin total value locked and an EVM-compatible design. <\/p>\n

Use case<\/h2>\n

XPR serves as the gas token for transactions and smart contract execution, as well as the staking asset that secures the network, and finally, as the reward token for validators.<\/p>\n

Plasma allows gasless transfer of stablecoins for end-users. In other words, it allows zero-fee transfers only for simple USDT sends and receives.<\/p>\n

However, more complex transactions, such as deploying contracts or decentralized applications, require XPL to be paid as gas, or a portion of stablecoins to be converted to XPL as fees, according to Delphi Digital’s explainer.<\/p>\n

Early this week, Plasma launched Plasma One, a stablecoin-native neobank with the aim of providing users with permissionless access to spending, earning, and saving digital dollars.<\/p>\n

Tokenomics<\/h2>\n

XPL is the native token of the Plasma blockchain, analogous to ETH on Ethereum and SOL on Solana. XPL serves as the gas token for transactions & smart contract execution, the staking asset securing the network, and the reward token for validators.<\/p>\n

The XPL token has a fixed total supply of 10 billion tokens. Of this, 40%\u2014equaling 4 billion tokens\u2014is allocated for ecosystem and growth initiatives. At launch, 8% of the total supply (800 million tokens) will be unlocked from this ecosystem allocation to support initial activities such as liquidity provision and partnerships.<\/p>\n

The remaining 3.2 billion ecosystem tokens will be gradually unlocked monthly over a three-year period to ensure steady liquidity and ongoing development.<\/p>\n

Furthermore, 25% of the supply (2.5 billion tokens) is allocated to founders, developers, and employees, who face a one-year cliff preceding vesting, followed by linear vesting over the next two years. Another 25% (2.5 billion tokens) have been allocated to early backers and strategic partners, with the same vesting terms as the team: a one-year cliff followed by two years of linear vesting.<\/p>\n

The token follows an inflationary model, with Validator rewards initially starting at a 5% inflation rate, which will decrease each year until it stabilizes at 3%.<\/p>\n

Read more: Peter Thiel-Backed Plasma Unveils ‘HotStuff-Inspired Consensus’ For High-Frequency Global Stablecoin Transfers<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The stablecoin-focused Plasma blockchain’s native token, XPL, debuted on major exchanges, including Binance and OKX, on Thursday. The token drew a price of up to $1.54 in early trading, resulting in a market capitalization of over $2.8 billion. The plasma token has a genesis supply of 10 billion, of which 18% or 1.8 billion is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49487","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49487"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49487\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}