Plasma to Debut Mainnet Beta and Native Token on September 25

Highlights:

• Plasma to debut mainnet beta and its XPL native token on September 25, 2025.
• The stablecoin’s native token will launch as the eighth-largest blockchain by stablecoin liquidity.
• The mainnet beta launch marks the completion of Plasma’s final phase launch.

Plasma, a tether-backed stablecoin platform, will launch its mainnet beta and native token, XPL, on September 25, 2025. XPL will launch as the eighth-largest blockchain by stablecoin liquidity, according to a recent press release. Plasma noted that roughly $2 billion worth of stablecoins will be active on its platform on the first day of launch. In addition, it plans to deploy capital across over 100 Decentralised Finance (DeFi) partners, including Euler, Save, Fluid, Ethena, and other related projects.

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Overall, Plasma aims to create immediate utility through value-holding savings, deep USDT markets, and the lowest USDT borrowing rates in the crypto industry. On its part, the mainnet beta will link value deposits to Plasma, allowing users to withdraw USDT0. The mainnet beta will mark the completion of Plasma’s final launch phase, as the company plans to compensate users with free USDT transactions through its dashboard.

❗️@PlasmaFDN $XPL to launch Mainnet Beta & hold TGE on September 25

$2B in stablecoins will be active on #Plasma from day one, deployed across 100+ #DeFi partners, including Aave, Ethena, Fluid, Euler. Vault deposits will bridge to Plasma at launch.

👉 https://t.co/Rzev0m6dRQ pic.twitter.com/CrLafjRhfh

— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) September 18, 2025

Plasma Early Days

According to the press release, Plasma has carried community members alongside its development journey. It launched the Stablecoin Collective for education and collaboration, giving community members early access via the Echo platform.

During its early days, Plasma conducted a deposit campaign that saw participants commit over $1 billion in stablecoin liquidity to the company’s vaults within 30 minutes. With this, users earned the right to participate in Plasma’s public sale. Additionally, the company conducted the public sales on Echo for broad distribution, pulling in $373 million in commitments, which was seven times its $50 million valuation at the time.

The successful deposit campaign resulted in Plasma’s partnership with Binance Earn, where it launched its first-ever on-chain USDT yield product. The product quickly reached a $1 billion market cap, making it the largest and most successful campaign in Binance Earn’s history. “This journey now leads to mainnet beta, where we will launch the largest chain by day one stablecoin liquidity,” Plasma added.

Plasma’s Vision for the Mainnet Beta Launch

Plasma stated that it plans to become a key foundation for global money movement through its mainnet beta. The company also noted that it remains committed to aligning with stablecoin regulation, even as the rules continue to change. “We see a world where Plasma is used for payments, foreign exchange, card networks, on- and off-ramps, etc,” the company added.

Plasma’s mainnet beta will introduce PlasmaBFT, a high-throughput consensus layer designed for stablecoin flows. During the rollout, the stablecoin company noted that it will limit the zero-fee transfers to its products before expanding the offer. Meanwhile, app builders can leverage Plasma’s chain built for efficiency, speed, and security.

The Tether-backed stablecoin project Plasma will launch its mainnet Beta version and TGE on September 25. Previously, Binance introduced the XPLUSDT pre-market perpetual contract. Plasma has raised a total of $27.5 million in public funding. https://t.co/6Jh03CpFNY

— Wu Blockchain (@WuBlockchain) September 18, 2025

About Plasma’s Native Token

XPL is Plasma’s native token, powering its ecosystem. During its public sale, the stablecoin firm sold 10% of XPL supply to community members. Plasma noted that it will distribute an additional 25 million XPL tokens during its mainnet beta launch to reward smaller depositors who completed Sonar verification. The stablecoin company also noted that it plans to reserve 2.5 million XPL for present and future members of the Stablecoin Collective. The Collective, which began as a learning platform, has expanded into a large community driving stablecoin adoption.

Describing the Stablecoin Collective’s significance, Plasma stated:

“It will play an active role in getting USDT on Plasma into people’s hands and in supporting the broader ecosystem.”  

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