Plasma is set to launch its mainnet beta on September 25, supported by $2 billion in stablecoins and more than 100 DeFi partners. The introduction includes the XPL token, aimed at securing the network and granting ownership to the community.
Summary
- Plasma’s mainnet beta will launch on September 25, featuring $2 billion in stablecoin liquidity.
- The rollout will have backing from over 100 DeFi partners along with the launch of the XPL token.
- This initiative positions Plasma among the top 10 blockchains in terms of stablecoin value locked.
As announced on September 18, the Plasma Foundation will kick off its mainnet beta on September 25 at 8:00 AM ET, coinciding with the generation event for its native XPL token.
Significantly, the launch will involve migrating $2 billion in pre-committed stablecoin liquidity from Plasma’s vaults to the new chain, instantly placing it within the top 10 blockchains by stablecoin value locked.
From committed capital to real-world utility
According to the announcement, the $2 billion going live on Plasma’s mainnet beta will be utilized across over 100 DeFi partners, including Aave, Ethena, Fluid, and Euler, to quickly create utility for users and establish robust Tether markets.
To finalize its launch phase, Plasma plans to bridge existing vault deposits to the new chain, allowing depositors to withdraw a native stable asset named USD₮0 and linking early vault commitments to on-chain liquidity.
Plasma will also enable zero-fee USDT transfers for all users via its dedicated dashboard. Initially, this fee exemption will apply to transfers within Plasma’s own products during initial stress testing, with a roadmap to extend it to wider applications. This fee waiver is supported by PlasmaBFT, a tailored consensus mechanism designed for high-throughput stablecoin settlement.
The XPL token represents the other key component of the launch. Its tokenomics prioritize broad, aligned ownership. Ten percent of the total supply has been assigned for public sale. An additional 25 million XPL will be allocated at launch to smaller depositors who complete KYC verification, while 2.5 million XPL is designated for members of the Stablecoin Collective, acknowledging their contributions to education and adoption.
XPL acts as the backbone for network security, aligning incentives for validators and ensuring those who use and develop on Plasma share in its ownership. The distribution for non-U.S. participants will start at launch, while U.S. participants will receive their allocations in July 2026, in adherence to relevant regulations.
