Tether-backed Plasma mainnet beta launches Sept 25

Plasma, a stablecoin-focused blockchain, has revealed plans to launch its mainnet beta and native token, XPL, on September ￰0￱ the launch becomes successful, the blockchain network will be positioned as the eighth biggest crypto network for stablecoin ￰1￱ announcement came after the network shared a blog entry highlighting that its mainnet beta and the XPL token will be launched next ￰2￱ network also mentioned that it will have $2 billion in stablecoins ready for the launch. Interestingly, Plasma has already secured a strong support system from Tether, the largest stablecoin issuer in the crypto market, and Peter Thiel’s Founders ￰3￱ intends to upgrade its system to enhance its users’ experience The Plasma stablecoin blockchain has made public its intentions to invest significantly in more than 100 DeFi ￰4￱ includes top DeFi protocols such as Aave, Euler, Fluid, and ￰5￱ this investment, the team seeks to provide instant benefits, create savings that maintain value, develop deep USDT markets, and offer the lowest borrowing rates, particularly for USDT, in the ￰6￱ the meantime, it is anticipated that Plasma users will be able to access vault deposits and withdraw USDT from the account when the mainnet beta is ￰7￱ this, the team stated that the event will indicate the end of their final launch phase and grant all its users the privilege to enjoy zero-fee USDT ￰8￱ network has also vowed to introduce PlasmaBFT, a high-throughput consensus layer responsible for overseeing stablecoin transactions as part of its mainnet beta ￰9￱ this tremendous objective, its users can easily move USDT without being subjected to any fees through authorization-based ￰10￱ aims at solidifying its position as a leading blockchain network in digital dollars Concerning its mainnet beta and native token, XPL’s launch, Plasma has alerted its users that it will restrict zero-fee transfers to its products.

Notably, this will apply during the launch and testing ￰11￱ will, however, not apply to other ￰12￱ announcement came after the team said it plans to gradually permit zero-cost transfers for other ￰13￱ solidify its position as a leading network for digital dollars, Plasma intends to link with real-life peer-to-peer cash systems to enable digital dollars to extend their reach to more businesses. Meanwhile, it is worth noting that Binance, the world’s leading cryptocurrency exchange, had earlier offered a pre-market perpetual contract for XPL, which supports the Plasma stablecoin blockchain, with prices mounting to about $0.55. Following its launch, the network’s team has stated that at the beginning of the mainnet beta, they will give out an additional 25 million XPL tokens as a reward to its users, particularly those who finished Sonar verification and actively participated in the ￰14￱ addition, they will put aside 2.5 million XPL for current and future members of the Stablecoin ￰15￱ the case of XPL token distribution, Plasma stated that investors in the US will receive their tokens from July 28, 2026, following legal ￰16￱ in other countries who joined the public sale will receive theirs when the mainnet beta is ￰17￱ Bybit now and claim a $50 bonus in minutes