- Plasma blockchain’s mainnet launch introduces zero-fee USDT transfers for users.
- Over $2 billion in stablecoin liquidity locked on Plasma network.
- Plasma One neobank app set to revolutionize digital dollar usage.
Plasma, a Layer 1 blockchain focused on stablecoins, has officially launched its mainnet and the native XPL token. The network is designed to offer zero-fee transfers of USDT through its custom consensus mechanism, PlasmaBFT. This approach aims to create a seamless experience for global money movement, positioning Plasma as a key player in the evolving digital asset ecosystem. The blockchain is EVM-compatible, ensuring compatibility with decentralized finance (DeFi) applications and broader blockchain infrastructure.
At launch, Plasma has integrated with over 100 DeFi projects, including notable partners such as Aave, Ethena, Fluid, and Euler. The network’s debut is particularly significant, as it has already locked more than $2 billion in stablecoin liquidity, placing it among the top 10 blockchains in terms of stablecoin TVL. This level of adoption showcases the immediate confidence and demand for the new blockchain.
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Plasma’s Successful Community Drives
Plasma’s launch follows a series of highly successful community-driven initiatives. The network managed to achieve an impressive $1 billion liquidity deposit cap within 30 minutes of its June deposit drive.
Additionally, a $50 million public sale saw over $323 million in demand. Plasma’s native stablecoin, USDT, also reached a major milestone with a Binance Earn on-chain product, reaching a $1 billion subscription cap.
Plasma’s Consumer Strategy with Plasma One
As part of its ongoing consumer-focused strategy, Plasma has also unveiled Plasma One, a stablecoin-native “neobank” application that will allow users to save, spend, and send digital dollars. Expected to launch later this year, Plasma One will serve as another key component in the company’s vision of simplifying and decentralizing financial services for users worldwide.
Plasma’s entry into the blockchain space brings new opportunities for stablecoin users, with the zero-fee transaction model positioning the network as a competitive alternative in the increasingly crowded DeFi space. The next phase of its growth will likely focus on expanding its ecosystem and solidifying its position in the decentralized finance sector.
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