Plasma (XPL) Is Now Trading on Ndax — Zero-Fee USDT Transfers on a stablecoin (VRCA) first chain.

Plasma (XPL) is a blockchain network built to support VRCA-like transfer use cases and explore how these types of digital assets may interact with digital transfer and settlement systems.

By combining a PoS-based consensus network with a trust-minimized Bitcoin bridge and Ethereum Virtual Machine (EVM) compatibility, Plasma is designed to support lower-cost, faster transactions, depending on network conditions. At launch, Plasma introduced gas-subsidized transfers for USDT, allowing certain USDT transfers without holding XPL for gas fees. 

XPL is now available on Ndax through a Canadian-registered trading platform with security controls and custody processes.
 

XPL is the native token of the Plasma network. It is used for functions such as paying gas on certain transactions, staking, validator participation, and network operations. Plasma is designed for transfer flows where transaction speed and fees may differ from other networks, while maintaining EVM compatibility for apps and integrations.

Key Features of Plasma (XPL):

• Gas-subsidized USDT transfers: The paymaster protocol subsidizes gas for certain direct USDT transfers on Plasma, so users may be able to transfer USDT without holding XPL. This is limited to certain USDT transfer functions; other actions still require gas.
• Network architecture: Plasma is a Layer 1 blockchain with a trust-minimized Bitcoin bridge that anchors state data to Bitcoin to support security and verifiability, while maintaining EVM compatibility.
• Transaction throughput and finality: PlasmaBFT, which is based on HotStuff, is designed to support short confirmation times, depending on network conditions and implementation.
• Transfer-focused design and multi-asset support: Plasma is designed around transfer-focused use cases, with support for tokens and smart contracts across the ecosystem.

These features are intended to combine security, transaction speed, and cost considerations within a blockchain-based transfer system.

• Blockchain: Plasma Network
• Total Supply: 10B XPL
• Circulating Supply: ~1.8B XPL
• All-Time High: $1.68 USD on Sept 28th 2025
• Use Cases: Gas fees, staking, validator rewards and ecosystem incentives 

• Ndax is a Canadian-registered and regulated platform that provides users with a secure environment to buy, sell, and hold digital assets such as XPL.  
• Top-Tier Security: Your XPL is protected with a robust security framework, including cold storage, hot wallets, and Multi-Party Computation (MPC). A portion of client assets are also held with trusted third-party custodians, who adhere to stringent security standards.  
• Recurring Buy Options: Set up automatic daily, weekly, or monthly XPL purchases starting at just $1 CAD to build your position over time using dollar-cost averaging.  
• Advanced Trading Tools: Take advantage of Ndax’s full suite of trading options, including Limit Orders, Stop Orders, Trailing Stops, Fill or Kill, and Iceberg Orders—designed for both casual investors and professional traders.  
• Trade Anywhere, Anytime: Use the Ndax mobile app for iOS and Android to manage your XPL portfolio on the go. 

Plasma (XPL) is a Layer 1 blockchain focused on transfer use cases, including gas-subsidized USDT transfers in certain cases, confirmation timing targets, and EVM compatibility.

Canadian clients can buy, sell, and hold XPL on Ndax, a registered investment dealer and CIRO member, subject to market availability. Crypto assets are high-risk and may not be suitable for all users. VRCAs are not the same as fiat currency.
 

Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for informational purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise. Ndax is a member of the Canadian Investor Protection Fund (CIPF). Please refer to the CIPF for coverage qualification criteria.