Plasma to Launch Mainnet Beta on September 25
Plasma, a layer 1 blockchain, will launch its mainnet beta on Thursday, September 25, at 8:00 AM ET. The launch introduces Plasma’s native token, XPL. It will debut as the eighth-largest blockchain by stablecoin liquidity. The project expects an initial stablecoin liquidity of $2 billion. Plasma has integrated with over 100 DeFi partners.
Stablecoins on Plasma will be used across major DeFi protocols such as Aave, Ethena, Fluid, and Euler. Users will access savings products, deep USD₮ markets, and some of the lowest borrowing rates in the industry. Zero-fee USD₮ transfers will be available through Plasma’s dashboard. This feature aims to make dollar transactions faster and cheaper than traditional payment methods.
Community-Driven Launch with Record Liquidity
Plasma’s mainnet beta follows a rapid community build-up. A $1 billion deposit campaign filled in just 30 minutes. A public sale on Echo raised $373 million, exceeding its $50 million cap by more than seven times. Binance Earn also boosted momentum, with Plasma’s $1 billion USD₮ yield product becoming the largest in the platform’s history.
This strong foundation supports PlasmaBFT, a high-throughput consensus layer designed for stablecoin transfers. The XPL token launch secures the network and grants ownership to early backers. Token distribution includes:
- 25 million XPL for verified depositors
- 2.5 million XPL reserved for Stablecoin Collective members who verify wallets on Discord
- Tiered rewards for contributors:
- 30,000 XPL for OGs
- 15,000 XPL for Stablecoin Collective Contributors
- 7,500 XPL for Early Contributors
By aligning incentives, Plasma ensures investors and builders hold meaningful stakes. The platform aims to expand stablecoins beyond savings into payments, remittances, and global commerce. XPL serves as both a utility and growth asset within the ecosystem.
XPL Token Supports Network and Community Ownership
At launch, the XPL token will secure the network and align validator incentives. Ten percent of the public sale supply will be released immediately. Verified depositors will receive 25 million XPL, and Stablecoin Collective members will get 2.5 million XPL.
Plasma combines immediate liquidity, zero-fee transfers, and community ownership. The project positions itself as key infrastructure to bring stablecoins, or “Money 2.0,” to hundreds of millions worldwide.
