Plasma, a new layer-1 blockchain, will launch its mainnet beta on Thursday, September 25, at 8:00 AM ET, introducing its native token XPL and debuting as the eighth-largest blockchain by stablecoin liquidity. Backed by $2 billion in stablecoins and more than 100 DeFi integrations, the network is positioning itself as core infrastructure for global digital dollar adoption.
Stablecoins on Plasma will be deployed across leading DeFi protocols, including Aave, Ethena, Fluid, and Euler. Users will gain access to savings products, deep USD₮ liquidity, and, according to Plasma, the industry’s lowest borrowing rates. Zero-fee USD₮ transfers via the Plasma dashboard will also offer cheaper, faster alternatives to traditional payment systems.
The launch follows an unprecedented community build-up. Plasma’s $1 billion deposit campaign filled in just 30 minutes, while its Echo public sale attracted $373 million in commitments—overshooting its $50 million cap sevenfold. Binance Earn further fueled momentum, with Plasma’s $1 billion USD₮ yield product becoming the platform’s largest in history.
At the network’s core is PlasmaBFT, a high-throughput consensus mechanism designed for stablecoin transfers. The introduction of XPL secures the chain and embeds ownership across its community. Distribution includes 25 million XPL for verified depositors and 2.5 million for Stablecoin Collective members, with tiered rewards for early contributors.
By combining liquidity, zero-fee transfers, and community-first distribution, Plasma is positioning itself as the backbone for “Money 2.0”—a global ecosystem where stablecoins expand beyond savings into payments, remittances, and commerce.
