Overview

• The network’s mainnet beta goes live on Sept. 25 alongside the launch of its native token, XPL.
• The team says more than $2 billion in stablecoin liquidity and support from over 100 DeFi partners, including Aave, Euler and Fluid, will be active on day one.
• During the beta phase, users can move USDT with zero fees via Plasma’s dashboard, with deposits bridged to enable USD₮ withdrawals.
• XPL distribution includes 10% sold in a public offering, 25 million for smaller early depositors verified via Sonar by Echo, and 2.5 million for Stablecoin Collective members, with U.S. allocations deferred until July 28, 2026.
• Plasma cites $24 million in funding led by Framework Ventures with backers such as Bitfinex, Peter Thiel and Tether CEO Paolo Ardoino, and touts its PlasmaBFT design for fast, composable stablecoin transactions.