Bitfinex-backed Plasma blockchain will launch mainnet and XPL tokens next week
Source: CoinWorld
Time: 2025-09-18 21:09:54
Plasma is a Layer 1 blockchain supported by Bitfinex, focusing on stablecoin payments. The network will launch mainnet beta testing on September 25, with a total lock value of more than $2 billion and integrates more than 100 DeFi projects including Aave, Ethena, Fluid and Euler. Native token XPL will also be unveiled with the network, aiming to be the main stablecoin channel for payments, forex and bank card networks. Plasma has launched a $1 billion top-up campaign and has reached a partnership with Binance and claims it will offer zero-fee USDT transfers and the industry's lowest USDT lending rate.