TLDR
- Plasma launches with $2B liquidity, XPL token, and zero-fee USDT transfers
- $2B stablecoin boost: Plasma debuts with DeFi partners and XPL token launch
- Plasma mainnet beta goes live: zero-fee USDT transfers and deep liquidity
- New Layer 1 Plasma debuts with $2B stablecoin liquidity and global payments focus
- Plasma kicks off with $2B liquidity, XPL token, and 100+ DeFi integrations
Plasma has launched its mainnet beta with $2 billion in active stablecoin liquidity and over 100 integrated DeFi partners. The Layer 1 blockchain also introduced its native token, XPL, and aims to power global stablecoin payments. This launch positions Plasma as the eighth-largest blockchain by stablecoin liquidity from the first day.
Plasma Debuts With Deep Liquidity and Zero-Fee USDT Transfers
Plasma began operations with over $2 billion in stablecoins distributed across platforms including Aave, Euler, Ethena, and Fluid. This deployment enables instant DeFi utility such as borrowing, savings, and deep liquidity for USD₮. Moreover, the network supports zero-fee USD₮ transfers via authorization-based routing through its new PlasmaBFT consensus layer.
The Tether-backed stablecoin project Plasma will launch its mainnet Beta version and TGE on September 25. Previously, Binance introduced the XPLUSDT pre-market perpetual contract. Plasma has raised a total of $27.5 million in public funding. https://t.co/6Jh03CpFNY
— Wu Blockchain (@WuBlockchain) September 18, 2025
The protocol targets efficient, high-speed stablecoin movement to support payments, FX and merchant transactions worldwide. These features reflect Plasma’s strategy to position itself as the go-to rail for digital dollar use cases. Initially, zero-fee transfers apply only to Plasma products but will expand to third-party applications.
PlasmaBFT’s architecture focuses on throughput, composability and low costs to support global-scale financial usage. The chain connects to physical cash networks to support merchant access, peer-to-peer payments, and on/off-ramp integration. As stablecoin regulation advances, Plasma says its framework is aligned for compliance and real-world adoption.
XPL Token Launches With Broad Community Distribution
The mainnet beta also activated the XPL token, which secures the network and aligns validator incentives. Plasma will distribute 25 million XPL tokens to participants of its Echo-based public sale who verified via Sonar. Additionally, 2.5 million XPL are allocated to Stablecoin Collective members and contributors.
Public sale participants from outside the U.S. receive tokens at launch, while U.S. users face a one-year delay due to legal regulations. Plasma aims to ensure fair ownership by recognizing early contributors, educators, and small-scale depositors. The community-led allocation structure underscores Plasma’s goal of decentralizing control and rewarding ecosystem builders.
XPL also supports governance and provides incentives to secure Plasma’s infrastructure over the long term. The pre-market valuation of XPL recently surpassed a $6.9 billion fully diluted valuation. This valuation reflects strong demand driven by Plasma’s performance in early campaigns and utility-focused strategy.
Early Momentum Sets Stage for Stablecoin Expansion
Plasma’s roadmap gained traction with a $1 billion stablecoin deposit campaign and a $373 million oversubscribed public sale. The protocol also partnered with Binance Earn to launch an onchain USD₮ yield product, quickly reaching its $1 billion cap. These milestones gave Plasma a strong liquidity base before the mainnet launch.
The network’s public sale used the Echo platform to ensure broad ownership and community inclusion. Plasma claims its Binance Earn campaign became the platform’s most successful initiative to date. These moves helped solidify user confidence and provide early capital support for Plasma’s ecosystem.
With its mainnet beta now live, Plasma focuses on expanding USD₮ adoption through product integrations and local market penetration. The platform will support real-world money flows in remittances, merchant payments, and peer-to-peer exchanges. Through scalable infrastructure and community ownership, Plasma positions itself as a foundational layer for global stablecoin usage.
