What Is the Plasma Blockchain?
Plasma is a Layer 1 blockchain built specifically for stablecoins and digital payments. Its goal is to deliver fast, low-cost, and secure transactions while keeping the decentralization and scalability expected of a modern network. Designed for high throughput, Plasma positions itself as dedicated stablecoin infrastructure for payments, DeFi, and everyday financial activity rather than a general-purpose chain.
What Is the XPL Token?
XPL is the native token of the Plasma blockchain. It pays transaction fees, enables interaction with dApps, and helps secure the network. Holders can stake XPL to support network security and earn rewards, and take part in governance decisions about the Plasma ecosystem. Because XPL is the gas token of the network, you keep a small amount on hand to cover fees when moving assets on Plasma.
What Is a Plasma Wallet?
A Plasma wallet is an app that lets you create, import, and use a Plasma blockchain address to store, send, and receive XPL and the stablecoins issued on the network. A self-custodial Plasma wallet means the private keys stay on your device, so you - and only you - control the funds, without trusting an exchange or custodian.
Gem Wallet is a self-custodial Plasma wallet for iOS, Android, and APK. It gives you a Plasma address from a single 12-word recovery phrase, lets you send and receive XPL and stablecoins in seconds, and never asks for an email, account, or KYC. Gem Wallet is open-source and independently audited, so anyone can verify how it protects your keys.
Plasma Wallet Features in Gem Wallet
- Full Self-Custody: Gem Wallet keeps your Plasma private keys on your device, secured by a single 12-word recovery phrase that also covers every other supported network.
- Stablecoin Support: Gem Wallet lets you hold and move USDT and other stablecoins on Plasma with low fees and fast confirmations.
- Built-In DEX Aggregator: Gem Wallet lets you swap XPL and stablecoins right inside the app through an integrated decentralized exchange aggregator - no separate swap site needed.
- Buy with a Card: Gem Wallet lets you buy XPL and stablecoins with a credit or debit card and other payment methods, credited straight to your wallet.
- dApp Support: Gem Wallet connects to DeFi and other applications built on the Plasma blockchain.
- Multi-Coin Support: Gem Wallet holds XPL alongside Bitcoin, Ethereum, and hundreds of other assets in one app, with live prices and full transaction history.
- Open Source & Audited: Gem Wallet is fully open-source and independently audited, giving you transparency that closed wallets cannot.
Is Gem Wallet the Official Plasma Wallet?
No. Gem Wallet is an independent, self-custodial wallet that supports the Plasma blockchain and the XPL token as two of the many networks and assets it handles. Gem Wallet is built and operated by the Gem Wallet team and is not operated by, affiliated with, sponsored by, or endorsed by the Plasma project or its developers. The word "Plasma" on this page refers to the blockchain network whose assets Gem Wallet supports.
Download Gem Wallet today and store, send, swap, and buy XPL and stablecoins on the Plasma blockchain with full self-custody on iOS, Android, and APK.








