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 advance stablecoin and VRCA-like transfers— digital assets designed to maintain value stability — and to explore how they can integrate with modern financial systems.

By combining a PoS-based consensus network with a trust-minimized Bitcoin bridge and full Ethereum Virtual Machine (EVM) compatibility Plasma enables low-cost, high-speed transactions optimized for digital transfers. At launch, Plasma introduced gas-subsidized transfers for USDT, allowing users to send USDT without holding XPL for gas fees.

Now listed on Ndax, Canadians can buy, sell, and hold Plasma (XPL) through a Canadian-registered trading platform that applies robust security controls. 

XPL is the native token of the Plasma network, used for paying gas on complex transactions, staking/validator incentives, and network security. Plasma targets fast settlement and low fees for transfer flows while retaining EVM-compatibility for apps and integrations.

Key Features of Plasma (XPL):

• Zero-Fee USDT Transfers: The paymaster protocol subsidizes gas for direct USDT sends on Plasma, so users can transfer without holding XPL. Scope-limited to USDT transfers; other actions still require gas.  
• Network Architecture: A Layer 1 blockchain with a trust-minimized Bitcoin bridge that anchors state data to Bitcoin for added security and verifiability, while maintaining full EVM compatibility.
• High Throughput / Fast Finality: PlasmaBFT (HotStuff-based) aims for sub-second confirmations optimized for transfers.  
• Stablecoin-First Design & Multi-Asset Support: Built for stablecoin flows first, with support for tokens and contracts across the ecosystem.

These features allow Plasma to balance security, speed, and cost-efficiency — key pillars in the evolution of blockchain-based transfer systems. 

• 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 payment-first L1 emphasizing zero-fee USDT transfers, fast confirmations, and EVM compatibility. Canadian clients can now buy, sell, and hold XPL on Ndax, a registered investment dealer and CIRO member, subject to market availability and personal risk tolerance. Crypto assets are high-risk, and stablecoins/“VRCAs” are not the same as fiat.

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.