Overview

• Binance opened XPL spot trading at 13:00 UTC with pairs including XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY, while OKX, Bybit, Gate and others also listed the token.
• XPL peaked near $1.54 in early trading, giving the project a multi‑billion‑dollar market capitalization before pulling back.
• Plasma reported about $2 billion of Tether’s USD₮0 on-chain at launch, and its EVM‑compatible design enables zero‑fee simple USDT transfers for end users.
• Tokenomics set a 10 billion XPL genesis supply with 1.8 billion (18%) circulating at launch and validator rewards starting at 5% annual inflation that taper to a 3% floor.
• Incentives include 75 million XPL for Binance HODLer Airdrops and a confirmed bonus of roughly $8,390 in XPL sent to each ICO pre‑depositor, with the project backed by Founders Fund and Tether CEO Paolo Ardoino.