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Plasma blockchain is a Layer-1 blockchain network tailored specifically for stablecoin transactions. Built as a Bitcoin sidechain, it offers users a Bitcoin-native security, high-speed, and zero-fees stablecoin transactions. $XPL is a native token of the chain used to power the security of the Bitcoin bridge and the network.
On October 18th, 2024, the Plasma crypto company closed a $3.5M Private round with participation of Bitfinex, Christian Angermayer, Split Capital, Anthos Capital, Karatage, Manifold Trading, and Paolo Ardoino.