Plasma (XPL), the stablecoin-native blockchain backed by Peter Thiel’s Founders Fund, is set for a high-profile debut with listings on Binance and OKX. The rollout coincides with the project’s token generation event (TGE) and mainnet beta launch on September 25, signaling a major milestone for the ambitious Layer-1 platform.
Binance leads with spotlight listing
Binance confirmed that its Alpha platform will showcase XPL first, before a full spot listing on the main exchange at 13:00 UTC under its “seed tag.” Alongside Binance, OKX, Bybit, Bitget, and Gate are among the major exchanges onboarding the token, amplifying global exposure for Plasma at launch.
As part of the listing campaign, Binance has earmarked 75 million XPL tokens for community rewards through its HODLer Airdrops program. Additionally, 100 million tokens — representing 1% of the Genesis supply — are reserved for subscribers of the Plasma USDT Locked Product on Binance Earn’s On-Chain Yields.
Tokenomics: inflationary model with strategic allocations
Plasma’s TGE sets the Genesis supply at 10 billion XPL, with 1.8 billion tokens (18%) entering circulation on launch day. The blockchain adopts an inflationary model, starting with 5% inflation in the first year before gradually declining to a floor of 3%.
According to project documents, 1 billion tokens were allocated for the public sale, while 40% of the supply supports ecosystem growth and strategic initiatives. The remainder is distributed among investors, the founding team, and other long-term development reserves.
What makes Plasma unique?
Plasma is designed as a stablecoin-first Layer-1 blockchain, offering near-instant, fee-free transfers of USDT and other digital dollar assets. Its architecture merges Bitcoin-inspired security with EVM compatibility, enabling secure settlements alongside DeFi programmability.
Launched in 2024, Plasma has since expanded into consumer-facing products, including Plasma One, a stablecoin-powered neobank and payments super-app. The platform supports yield-bearing assets like Maple’s syrupUSDT, integrates with major DeFi protocols, and is especially targeting adoption in emerging markets where stablecoins are widely used.
High-profile backers and future roadmap
Plasma has drawn investment from a powerful roster of backers, including Thiel’s Founders Fund, Framework Ventures, Bitfinex, Laser Digital, and Bybit. Influential figures such as Tether CEO Paolo Ardoino and crypto personalities Cobie and Zaheer Ebtikar have also thrown their support behind the project.
With XPL at the center of its ecosystem — powering staking, governance, validator rewards, and incentives — Plasma’s roadmap aims to scale into a global payments and DeFi infrastructure layer. The Plasma One super-app is positioned to drive this expansion by offering zero-fee USDT payments, stablecoin rewards, and banking-like features for the digital economy.
As the project takes its first steps on major exchanges, its combination of stablecoin utility, strong institutional backing, and retail-focused innovation may place it at the forefront of next-generation blockchain adoption.
