# Plasma

> Redefining how money moves

Plasma is a layer 1 blockchain built for global stablecoin payments. It powers Plasma One, a stablecoin account app for saving, spending, and earning digital dollars.

Plasma is a layer 1 blockchain network purpose-built for stablecoin payments at global scale. It is designed to move digital dollars instantly and reliably, supporting zero-fee transfers of a major dollar-pegged stablecoin alongside smart contract functionality compatible with existing developer tools. The network targets financial institutions, payment providers, and application developers seeking dependable settlement infrastructure for stablecoin-based products.

The network addresses the friction of using stablecoins for everyday payments, where transaction costs and settlement delays limit adoption outside of trading contexts. It combines a proof-of-stake consensus design with execution compatible with common smart contract tooling, aiming to give payment applications predictable performance and low costs. Plasma positions this infrastructure as a foundation that other wallets, exchanges, and payment applications can build on.

Beyond the base network, the ecosystem includes Plasma One, a stablecoin account and card application that lets people hold, spend, send, and earn yield on digital dollars through a single app, with card products usable across a broad merchant network. The offering is aimed at individuals and businesses facing limited access to dollar-denominated financial services, as well as institutions and developers building payment and savings products on top of the underlying chain. Plasma One serves as a direct consumer-facing use case for the network's payments infrastructure, alongside broader decentralized finance and exchange integrations built on the chain.

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

## Products

- [Plasma](https://thegrid.id/profiles/plasma): Plasma is a layer 1 blockchain built for stablecoin payments. It uses PlasmaBFT, a Fast HotStuff-based consensus protocol, to achieve fast finality and high transaction throughput while remaining compatible with Ethereum smart contracts and developer tooling. The network supports zero-fee stablecoin transfers and custom gas tokens, allowing payment applications, cards, and payout systems to settle transactions reliably at scale. (L1, Open Beta, Main Product)
- [Plasma One](https://thegrid.id/profiles/plasma): Plasma One is a stablecoin-native neobank and card application that lets individuals save, spend, and earn using digital dollars. Users hold stablecoin balances, spend directly from those balances using virtual or physical Visa cards, and send zero-fee stablecoin transfers to other members across many countries. The app offers tiered card plans with differing cashback and perks, and lets users deposit into decentralized finance vaults to earn variable yield on eligible balances, while remaining non-custodial so only the user holds their private keys. (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)
- [Plasma Business](https://thegrid.id/profiles/plasma): Plasma Business is a stablecoin account platform for companies to manage global money movement. It provides corporate card issuance, global payout capabilities, and treasury tools that let businesses earn yield on stablecoin balances while making cross-border payments. The product runs on the Plasma network's settlement infrastructure, giving businesses access to low-cost transfers and fast settlement for payroll, payouts, and merchant payments. (Financial Services Platform, Early access)

## Assets

- [XPL (XPL)](https://thegrid.id/profiles/plasma): XPL is the native token of the Plasma blockchain, a layer 1 network built for stablecoin payments. It is used to pay transaction fees, secure the network through proof-of-stake validation, and serve as the gas token behind zero-fee USDT transfers, while also functioning as the lock-up asset that unlocks Plasma One account tiers and reward payouts. Base transaction fees are permanently burned under an EIP-1559-style model to offset new validator emissions. (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)
- [LinkedIn](https://www.linkedin.com/company/plasmafdn)

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## 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