$XPL: Stablecoin L1 with Neobank Distribution - $XPL is trading at $11B FDV with 15k holders. In less than a week since launch, Plasma became the #1 mind share gainer and the 6th largest chain by TVL, reaching $5.4B. - Plasma is an L1 built for stablecoins, offering zero-fee $USDT transfers, EVM compatibility, confidential payments, and a trust minimized BTC bridge. - $XPL secures the network through PoS, underpins gas abstraction, and rewards validators. Inflation starts at 5% annually and decays to 3%, offset by EIP-1559-style fee burns. - PlasmaBFT consensus with a Rust-based EVM client enables high throughput and rapid finality. BTC deposits mint pBTC on Plasma via LayerZero’s OFT standard, creating a single omnichain BTC asset without fragmented wrapped versions. - A verifier network of institutions monitors deposits, attests onchain, and signs transactions with MPC/TSS. The roadmap includes BitVM-style BTC verification and ZK based cross-chain proofs. - Plasma One, the...
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