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About Plasma
XPL is the native utility and governance token for Plasma, a Layer 1 blockchain specifically designed for global stablecoin payments and financial infrastructure. The network facilitates zero-fee USDT transfers and features full EVM compatibility, supporting customizable gas tokens and private payment capabilities. XPL is used for securing the network through staking, rewarding validators, and serving as the payment method for transaction fees outside of specialized zero-fee stablecoin transfers. The token also governs the protocol's evolution and ecosystem initiatives.
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