XPL soars 25% as Plasma’s P2P transfers surpass $374B all-time high

The cryptocurrency market remained weak on Wednesday, as Bitcoin hovered below $111,000. While altcoins display substantial selling pressure after the latest crash , Plasma’s XPL gained more than 25% over the past 24 hours. Magnified stablecoin activity on Plasma fuels the current bullish momentum. The L1 network, dedicated to transforming the stablecoin infrastructure with zero-fee transactions, recorded over $374 billion in USDT transfers over the past week. Plasma @Plasma · Follow USD₮ peer-to-peer transfer volume is at an all-time high at over $374B per week, concentrated in high-inflation, high-remittance corridors.Plasma will expand these local cash-agent networks so trillions of digital dollars can be bought, sold and spent everywhere. Watch on Twitter View replies 5:33 PM · Oct 15, 2025 337 Reply Copy link Read 58 replies That marked a fresh all-time high in P2P transactions on the Layer1 blockchain. The announcement coincides with bullish sentiments around the project. For instance, native token XPL rallied by over 25% in the past 24 hours. That’s a remarkable performance considering the prevailing broad market weakness. Meanwhile, the uptick comes as more individuals in remittance-heavy and inflation-stricken jurisdictions leverage Plasma to transfer money and store wealth in digital dollars. The X post highlighted: USDT peer-to-peer transfers volume is at an all-time high at over $374B per week, concentrated in high-inflation, high-remittance corridors. Meanwhile, the massive transaction growth matches Plasma’s vision of building a stablecoin-centered payment system. Stablecoins: the missing gap in TradFi Stablecoins have gained traction as essential instruments for the new global financial system. Regions with high remittance fees and escalated inflation have turned to these assets to enjoy monetary freedom. Plasma allows people to transfer and receive USDT near instantaneously with zero fees. That offers the kind of efficiency that individuals need when transacting daily. Such perks have attracted real-world adoption, which is propelling Plasma’s growth. The massive P2P volumes show how stablecoin payments are integrating into our day-to-day lives, beyond tech enthusiasts and traders. Creating the foundation for digital dollars Plasma is a blockchain project primarily designed for stablecoin transfers. It allows users to send and receive USDT without charges and projects to utilize custom gas tokens. That makes it flexible for diverse communities and economies. With the current success, the team plans to expand its local cash agents to allow people to buy, sell, or spend digital dollars. They said: Plasma will expand these local cash-agent networks so trillions of digital dollars can be bought, sold, and spent everywhere. XPL price outlook Plasma’s native token changes hands at $0.5165 after a brief slide from its intraday peak. XPL is still up by over 16% on its daily chart, displaying momentum as bears control the broader market. Chart by Coinmarketcap Moreover, its growth, driven by increased P2P transactions, appears organic. That might support continued uptrends for the asset. Buyers are targeting the resistance around $0.65, which would translate to a roughly 20% rally from the prevailing XPL market price. Surpassing the hurdle will shift the alt’s trajectory to bullish and support extended gains, with $1 psychological mark as the long-term target. Nevertheless, XPL will unlikely stretch its short-term rally under the current broad market sentiments. Bears dominate trends as buyers brace for imminent rebounds, citing October’s history of bullish performance. The post XPL soars 25% as Plasma’s P2P transfers surpass $374B all-time high appeared first on Invezz