TL;DR
Plasma is preparing for the launch of its mainnet beta and native XPL token on September 25, 2025, establishing itself from day one as the eighth-largest blockchain by stablecoin liquidity.
The network will operate with $2 billion in USDT spread across more than 100 DeFi partners, including Aave, Ethena, Fluid, and Euler, aiming to provide secure savings, deep markets, and the most competitive lending rates in the industry. Users will also be able to make fee-free USDT transfers through the dashboard at app.plasma.to, completing the final phase of its launch.
Plasma’s development has been guided by its community from the earliest stages. Early access opened through Echo, and the Stablecoin Collective was created as an educational and collaborative forum. A deposit campaign committed over $1 billion in just 30 minutes, granting participants the right to join the public sale, which ultimately raised $373 million, exceeding its $50 million cap by seven times. This foundation enabled the partnership with Binance Earn, where the protocol launched the first onchain USDT yield product on the platform, reaching $1 billion in committed capital and becoming Binance Earn’s most successful campaign.
The mainnet beta will introduce PlasmaBFT, a high-performance consensus layer designed to support stablecoin flows and enable authorized fee-free transfers. The network also aims for global integration, connecting with local markets and peer-to-peer cash networks to boost adoption in countries with limited financial systems. The infrastructure is optimized for speed, efficiency, security, and composability, providing a robust environment for developers and financial applications.
XPL will be the token that secures the network and acts as an incentive mechanism for validators. Ten percent of the supply was sold in the public sale, while 25 million tokens will be distributed to verified small depositors, and 2.5 million will be reserved for members of the Stablecoin Collective. Distribution for U.S. users will occur on July 28, 2026, in compliance with applicable regulations.
Plasma aims to transform how money moves globally. Stablecoins already allow millions in emerging markets to preserve value, send remittances quickly, and accept payments without intermediaries. With its mainnet beta and XPL, Plasma seeks to make digital dollars part of everyday money
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