The team behind the Plasma blockchain has confirmed that its mainnet beta and native token XPL will officially go live on September 25, 2025.
Positioned as a Layer-1 network built for stablecoin transfers, Plasma aims to rank among the top 10 chains by stablecoin liquidity from day one.
Features and Protocol Support
At launch, Plasma will integrate with more than 100 DeFi protocols, including Aave, Ethena, Fluid, Euler, and others. The chain is expected to debut with a TVL of $2 billion, enabling users to access deep USDT markets, capital preservation tools, and what the team calls the “lowest borrowing rates” in stablecoin lending.
A standout feature will be zero-fee USDT transfers powered by the network’s PlasmaBFT consensus. Users will be able to execute these transactions directly through a management dashboard.
Project Vision
Plasma’s mission is to build the “rails” for global money movement—making payments, remittances, and currency exchange accessible to everyone. The system is also designed to connect with physical peer-to-peer cash networks, extending stablecoin adoption to offline markets.
The Role of XPL
The XPL token will serve as the backbone of the ecosystem, powering rewards, incentives, and governance.
Token allocation details include:
- 10% of supply sold through a public token sale,
- 25 million XPL set aside for verified users via Sonar (Echo) KYC,
- 2.5 million XPL reserved for the Stablecoin Collective, focused on education and outreach.
Due to regulatory requirements, U.S. token sale participants will receive their allocations on July 28, 2026—a year after the sale’s conclusion.
Fundraising
Plasma raised $373 million in its token sale, with the deposit cap repeatedly raised from the initial $1 billion limit because of overwhelming demand.
