Plasma will launch its mainnet beta and native token, XPL, on September 25, positioning itself as the eighth-largest blockchain by stablecoin liquidity from day one.

According to the project, more than $2 billion in stablecoins will be active on the network immediately, distributed across over 100 decentralized finance (DeFi) partners, including Aave, Ethena, Fluid and Euler. The rollout also enables users to withdraw USD₮0 through bridged vault deposits, marking the final stage of Plasma’s launch process.

The project’s early campaigns drew substantial liquidity commitments, including $1 billion in deposits within 30 minutes and a $373 million oversubscribed public sale via…

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