Plasma Mainnet Beta and XPL

$2B in stablecoins will be active on Plasma from day one. Capital will be deployed across 100+ DeFi partners, including Aave, Ethena, Fluid, Euler and more. The goal is immediate utility: savings that preserve value, deep USD₮ markets, and the lowest USD₮ borrow rates in the industry.

At mainnet beta, we will bridge vault deposits to Plasma so users can withdraw USD₮0. This will mark the completion of our final launch phase. We will enable zero-fee USD₮ transfers for all users through our dashboard at app.plasma.to.

From the beginning, we’ve built Plasma alongside our community.

Early access to Plasma opened for everyone through Echo. The Stablecoin Collective was created as a forum for education and collaboration. We ran a deposit campaign where in just over 30 minutes more than $1B in stablecoin liquidity was committed to our vaults to earn the right to participate in our public sale. This public sale ran on Echo so ownership could be widely distributed. It drew in $373M in commitments, far surpassing our cap of $50M by a 7x multiple.

That foundation led to our partnership with Binance Earn. We launched the first onchain USD₮ yield product inside the most widely used crypto application. The $1B cap was reached quickly. It became the largest and most successful campaign in Binance Earn’s history.

This journey now leads to mainnet beta, where we will launch the largest chain by day one stablecoin liquidity in history.

Plasma’s mission is to become the foundation for global money movement. Mainnet beta is the next step in making that vision real. As stablecoin regulation matures worldwide, led by the US moving in a positive direction, Plasma is built for alignment from day one. We see a world where Plasma is used in daily life for payments, foreign exchange, card networks, on- and off-ramps, and more.

To facilitate this, mainnet beta will introduce PlasmaBFT, which is a high-throughput consensus layer designed for stablecoin flows. At mainnet beta, users will be able to move USD₮ with zero fees using authorization-based transfers. During rollout and stress testing, zero-fee transfers will be limited to Plasma’s own products. Over time, we will extend zero-fee transfers beyond our products. App builders will leverage a chain engineered for composability, speed, efficiency, and security. Our infrastructure will be a first of its kind for a chain of Plasma’s scale.

Redefining how money moves is a distribution challenge. Money operates on network effects and networks are built on distribution. Reaching people who are excluded by legacy financial systems means going country by country, integrating deeply in local markets, and putting digital dollars directly in people’s hands. Plasma is built to support that distribution at global scale. The chain will connect to physical peer-to-peer cash networks, so digital dollars achieve merchant penetration, moving along the same channels that people already trust.

XPL is the native token that powers Plasma. 10% of the supply was sold to community members in the public sale. At the launch of mainnet beta, an additional 25 million XPL tokens will be distributed to recognize smaller depositors who completed Sonar (by Echo) verification and participated in this sale. This keeps ownership broad and aligned.

We are also reserving 2.5 million XPL for current and future members of the Stablecoin Collective. The Collective began as a forum to build familiarity with stablecoins. It has since grown into a community that educates, contributes, and helps drive stablecoin adoption. It will play an active role in getting USD₮ on Plasma into people’s hands and in supporting the broader ecosystem. Members and contributors can verify their wallets in our Discord over the next week to receive:

• •OG: 30,000 XPL
• •Stablecoin Collective Contributor: 15,000 XPL
• •Early Contributor: 7,500 XPL

Together, these distributions reflect our core principles that participation should be broad, ownership should be shared, and contributors should be recognized. Beyond distribution, the Plasma network is secured by XPL. The token aligns incentives for validators, and ensures that ownership of the system sits with the people who use it and build on it.

For the public sale, we will distribute XPL at mainnet beta launch to non-US participants. For US participants, distribution will occur on July 28, 2026, 12 months after the public sale concluded, in line with applicable laws.

Stablecoins are the most significant financial innovation since the creation of money. In emerging markets they are unwinding decades of friction by preserving purchasing power overnight, compressing remittances from weeks to minutes, and enabling small businesses to accept payments without gatekeepers. Hundreds of millions of people already rely on digital dollars as the only way to save, pay, and plan.

Plasma is building a new global financial system for everyone, everywhere. Mainnet beta and XPL are the next steps toward that vision. We are delivering the rails for global money movement, with the distribution that turns onchain dollars into everyday money.

Stablecoins are Money 2.0. Plasma is how they get into the hands of everyone.