- Plasma Stablecoin Blockchain launches Sept 25 with $2B liquidity and 100+ DeFi partners.
- Zero-fee USDT transfers debut via PlasmaBFT, expanding later beyond internal products.
- XPL token launches with 25M airdrop; U.S. investors face 2026 release due to regulations.
The Plasma Stablecoin Blockchain is scheduled to launch its mainnet beta on September 25, accompanied by the debut of its native token XPL. Backed by Tether and Peter Thiel’s Founders Fund, the network will open with $2 billion in stablecoin liquidity, immediately ranking as the eighth-largest blockchain by stablecoin liquidity. According to the announcement, the project will also integrate over 100 decentralized finance (DeFi) partners at launch to provide liquidity and borrowing opportunities.
Plasma Stablecoin Blockchain Mainnet Beta
Plasma confirmed that its mainnet beta will deploy $2 billion in stablecoins across DeFi protocols including Aave, Ethena, Fluid, and Euler. The team said the allocation is designed to establish liquidity depth from day one. Vault deposits bridged to users will allow instant withdrawals of USDT0, completing the final launch phase.
At the core of the system is PlasmaBFT, a consensus layer optimized for stablecoin flows. With this mechanism, users will be able to move USDT through authorization-based transfers without paying transaction fees. Initially, the zero-fee transfers will apply only to Plasma products during rollout and stress testing. The team stated that over time, the same feature will expand to external applications.
The Plasma Stablecoin Blockchain will also connect digital stablecoins to offline cash networks. This connection will enable stablecoin transactions to reach peer-to-peer merchants, broadening the use of digital dollars for everyday payments.
Capital Deployment and Utility
The deployment of $2 billion in stablecoins across more than 100 DeFi partners represents one of the largest capital commitments for a blockchain at launch. By aligning with established protocols, the project aims to create deep liquidity pools that support borrowing at some of the lowest USDT rates in the sector.
According to the update, the immediate objective is to provide savings instruments, preserve capital value, and ensure accessible lending markets. The wide partner base at launch suggests that these functions will be available from the first day of operations.
Launch of the XPL Token
The mainnet beta will also mark the launch of XPL, the token powering the Plasma Stablecoin Blockchain. Binance introduced a pre-market perpetual contract for the token earlier, where XPL peaked around $0.55.
To support its community, Plasma will airdrop 25 million XPL to users who completed Sonar verification and participated in the sale. An additional 2.5 million tokens will be reserved for members of the Stablecoin Collective. Due to regulatory restrictions, non-U.S. investors in the public sale will receive their tokens at launch, while U.S. participants will gain access from July 28, 2026.
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About the Author: Peter Mwangi
