Plasma Launches Mainnet Beta for Stablecoins with $2B Liquidity
Plasma Blockchain Launch
- Plasma, a blockchain for stablecoins, is launching its mainnet beta on Sept. 25 with the native token XPL.
- The network will start with over $2 billion in stablecoin liquidity from more than 100 partners.
- Plasma aims to become a hub for stablecoin transfers using its PlasmaBFT architecture, designed for fast transactions.
- Users can transfer USDT with zero fees through Plasma’s dashboard.
- Token distribution includes 10% of XPL sold publicly, 25 million tokens for the community, and 2.5 million for the Stablecoin Collective.
- The project raised $24 million from investors like Framework Ventures, Bitfinex, Peter Thiel, and Tether CEO Paolo Ardoino.