Plasma, the layer 1 building stablecoin infrastructure for a new global financial system, launched its highly anticipated Plasma mainnet beta, alongside its native token XPL. With a $2B+ stablecoin TVL at launch, Plasma is now the 8th-largest blockchain by stablecoin liquidity. Plasma’s mainnet beta enables its vision to capture the trillion-dollar stablecoin opportunity by building the foundation for global money movement.
Plasma’s infrastructure will be a first-of-its-kind for a chain of this scale, launching with PlasmaBFT, a high-throughput consensus layer designed specifically for stablecoin flows. People will also be able to move USD₮ with zero fees using authorization-based transfers. Plasma launches with 100+ DeFi integrations, including Aave, Ethena, Fluid, and Euler. The immediate goal is utility: savings that preserve value, deep USD₮ markets, and the lowest USD₮ borrow rates in the industry.
Plasma plans to unlock the full potential of stablecoins through its flagship product, Plasma One, a stablecoin-native neobank, an app designed for using digital dollars in daily life. With each of these launches, Plasma pushes forward to deliver the stablecoin promise of global permissionless access to financial services by putting digital dollars into the palm of your hand.
“When we started Plasma in 2024, we set out with the goal of becoming the foundation for global money movement, and launching our mainnet beta brings us closer to making this a reality, said Paul Faecks, CEO of Plasma. Plasma can now deliver both the infrastructure and product to ensure universal access to the dollar, regardless of the realities of local markets. Stablecoins are Money 2.0, and our mission is to put them into the hands of everyone, everywhere.”
Plasma has been steadily building alongside their community. In June, they launched a deposit campaign, filling the deposit cap of $1 billion in just over 30 minutes. Following this, Plasma’s initial $50 million public sale was oversubscribed by $323 million, representing a 7x overcommitment. Two months later, Plasma partnered with Binance Earn to launch an onchain Plasma USD₮ product, hosted on Binance, which achieved a final subscription cap of $1 billion, becoming the largest campaign in the exchange’s history. All of which combined has enabled Plasma to launch with $2B+ stablecoin TVL on day one.