# Plasma

> Redefining how money moves

Plasma is a layer 1 blockchain designed for global stablecoin payments with zero-fee USDT transfers and institutional-grade security.

Plasma is a high-performance layer 1 blockchain purpose-built for stablecoins. The network enables near-instant, zero-fee USDT transfers with sub-second block times and claims to processes over 1000 transactions per second. Plasma features EVM compatibility, custom gas tokens, confidential transactions, and a trust-minimized Bitcoin bridge to support stablecoin applications.

- Type: Network
- Sector: Blockchain Platforms
- Status: Announced
- Founded: 2024-10-01
- Profile: https://thegrid.id/profiles/plasma

## Products

- [Plasma](https://thegrid.id/profiles/plasma): Plasma is a layer 1 blockchain designed for stablecoin payments, featuring zero-fee USD₮ transfers, custom gas tokens, and confidential transactions. The network uses PlasmaBFT consensus to process thousands of transactions per second with sub-second finality, enabling developers to build payment applications with full EVM compatibility. (L1, Open Beta, Main Product)
- [Plasma One](https://thegrid.id/profiles/plasma): Plasma One is a stablecoin-native neobank and card application that enables users to save, spend, and earn with stablecoins. Users can pay directly from stablecoin balances while earning yield, receive cash back through virtual and physical Visa cards, and access zero-fee USDT transfers across multiple countries. (Card, Early access)
- [Plasma Network (XPL) Blockchain Explorer](https://thegrid.id/profiles/plasma): Plasma Network (XPL) Blockchain Explorer is the official block explorer for the Plasma blockchain network. It provides real-time tracking of transactions, blocks, addresses, tokens, and network analytics, enabling users to explore and analyze on-chain activity across both mainnet and testnet environments. (Block Explorer, Live)

## Assets

- [XPL (XPL)](https://thegrid.id/profiles/plasma): XPL is the native token of the Plasma blockchain. It is used to pay transaction fees, reward validators, and secure the network through proof-of-stake staking. XPL also serves as the custom gas token that powers zero-fee USDT transfers on the network, making it central to Plasma's stablecoin payment infrastructure. (Native)

## Links

- [Main](https://www.plasma.to)
- [Media Kit/branding](https://www.plasma.to/brand)
- [Blog](https://www.plasma.to/insights)
- [Whitepaper](https://drive.google.com/file/d/1kw2CfXp0SLPGkitm6v814vmTtWOQTYBw/view)
- [Terms of Service](https://www.plasma.to/terms-of-use)
- [Twitter / X](https://x.com/PlasmaFDN)
- [Discord](https://discord.gg/plasmafdn)
- [Twitter / X](https://x.com/Plasma)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP