Many people are still confused about this project. Today, let's clarify it.

This is an EVM-compatible Layer1 public chain designed specifically for stablecoin payments (especially USDT). Its core mission is to become the "highway" for global digital dollar payments—completely solving the longstanding problem on blockchain of transferring stablecoins that are "expensive, slow, and require waiting."

Here are some highlights worth noting:

Zero fee USDT transfers. Powered by the Paymaster mechanism, users don't need to hold additional Gas tokens; they can transfer directly. This is a major liberation for payment scenarios.

How fast is the confirmation speed?—it’s sub-second. TPS is also extremely high, easily handling high-frequency payments, cross-border transfers, and merchant settlements.

The underlying security is endorsed by Bitcoin, while also being compatible with the Ethereum smart contract ecosystem, achieving both security and flexibility.

The native token $XPL serves three roles: governance, staking, and paying Gas. Major platforms like top-tier exchanges have already listed it.

Ecosystem development is also progressing rapidly. The mainnet launched with over $2 billion USD in initial liquidity, quickly ranking in the top ten by TVL. It has also incubated digital banking applications like Plasma One, which can issue cards, deposit coins for interest, and truly bring stablecoins into everyday financial scenarios.

The background is very strong. Backed by heavyweight institutions like Tether, Bitfinex, Framework Ventures, and top investors like Peter Thiel. The mainnet beta launched in 2025 experienced explosive growth and is now among the top tier in stablecoin payment tracks. Mainstream DeFi projects like Pendle have already deployed on it.

If you are optimistic about stablecoin payments or interested in the long-term potential of $XPL, the community is very active now, and ecosystem expansion is rapid. If you want to learn more about technical details, token models, or need recommendations for ecosystem applications, feel free to continue the discussion.