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Plasma, a stablecoin-focused blockchain, has closed its public token sale with $373 million in commitments, exceeding its $50 million target.The Plasma network will hold $1 billion in stablecoins at launch, which would make it the fastest blockchain to reach that figure, and offer fee-free stablecoin transfers.The project has secured funding from prominent backers, including Peter Thiel's Founders Fund, and is set to launch within 40 days, with token refunds for overcommitted funds to be processed soon.@Plasma Stablecoin-focused blockchain Plasma has closed its public token sale with $373 million in commitments, more than seven times the $50 million it was targeting.The sale, according to available data, has led to an oversubscription of around $320 million looking to get around $209,000 worth of XPL that weren’t purchased. The token’s launch is expected to occur within 40 days, while refunds for overcommitted funds will be processed in the near future #Plasma at launch, the Plasma network will hold $1 billion in stablecoins, becoming the fastest blockchain to reach that figure, according to the project.Plasma, an Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, aims to provide fee-free stablecoin transfers, starting with Tether’s USDT $XPL

Confidential Payments is a module that Plasma is developing to bring privacy features to stablecoins like USDT. The module would allow users to hide transaction details, such as amounts and recipients, while remaining compatible with existing wallets and decentralized applications (DApps). As of September 2025, the module remains under active research, with ongoing exploration of various privacy approaches.
Bitcoin bridge 
The Plasma Bitcoin bridge allows you to move BTC directly into Plasma’s EVM environment without relying on custodians or wrapped tokens. When you deposit BTC, a network of independent verifiers checks the transaction and mints pBTC, a token backed 1:1 by Bitcoin. 
You can use pBTC in smart contracts, as collateral, or across chains through LayerZero’s Omnichain Fungible Token (OFT) standard. When you want to withdraw, you burn your pBTC, and the verifiers use a threshold signature scheme to securely release your BTC back to your address.@Plasma
The XPL Token
XPL is the native token of the Plasma blockchain, and it’s used within the ecosystem for many purposes, including:
Gas fees: XPL is used to pay for transaction fees on the Plasma blockchain.Security: Validators can stake XPL to participate in the network’s consensus and help secure the chain by validating transactionsRewards: Validators can earn XPL for providing network support. Plasma applies reward slashing rather than stake slashing, so validators who act dishonestly lose their rewards but not their staked capital.Delegation: XPL holders will be able to delegate their tokens to validators, enabling them to participate in consensus and earn a share of rewards without needing to run their own infrastructure.#Plasma
Plasma (XPL) on Binance HODLer Airdrops
On September 24, 2025, Binance announced XPL as the 44th project on the Binance HODLer Airdrops. Users who subscribed their BNB to Simple Earn and/or On-Chain Yields products from September 10 to 13 were eligible to receive XPL airdrops. A total of 75 million XPL tokens were allocated to the program, accounting for 0.75% of the total token supply at genesis.$XPL
{spot}(XPLUSDT)

Plasma, a stablecoin-focused blockchain, has closed its public token sale with $373 million in commitments, exceeding its $50 million target.The Plasma network will hold $1 billion in stablecoins at launch, which would make it the fastest blockchain to reach that figure, and offer fee-free stablecoin transfers.The project has secured funding from prominent backers, including Peter Thiel's Founders Fund, and is set to launch within 40 days, with token refunds for overcommitted funds to be processed soon.@Plasma Stablecoin-focused blockchain Plasma has closed its public token sale with $373 million in commitments, more than seven times the $50 million it was targeting.The sale, according to available data, has led to an oversubscription of around $320 million looking to get around $209,000 worth of XPL that weren’t purchased. The token’s launch is expected to occur within 40 days, while refunds for overcommitted funds will be processed in the near future #Plasma at launch, the Plasma network will hold $1 billion in stablecoins, becoming the fastest blockchain to reach that figure, according to the project.Plasma, an Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, aims to provide fee-free stablecoin transfers, starting with Tether’s USDT $XPL

Plasma, a stablecoin-focused blockchain, has closed its public token sale with $373 million in commitments, exceeding its $50 million target.The Plasma network will hold $1 billion in stablecoins at launch, which would make it the fastest blockchain to reach that figure, and offer fee-free stablecoin transfers.The project has secured funding from prominent backers, including Peter Thiel's Founders Fund, and is set to launch within 40 days, with token refunds for overcommitted funds to be processed soon.@Plasma Stablecoin-focused blockchain Plasma has closed its public token sale with $373 million in commitments, more than seven times the $50 million it was targeting.The sale, according to available data, has led to an oversubscription of around $320 million looking to get around $209,000 worth of XPL that weren’t purchased. The token’s launch is expected to occur within 40 days, while refunds for overcommitted funds will be processed in the near future #Plasma at launch, the Plasma network will hold $1 billion in stablecoins, becoming the fastest blockchain to reach that figure, according to the project.Plasma, an Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, aims to provide fee-free stablecoin transfers, starting with Tether’s USDT $XPL

XPL Plasma Coin is a next-generation cryptocurrency built to support fast, secure, and cost-efficient digital transactions. Designed with scalability and real-world usability in mind, XPL aims to bridge the gap between traditional finance and blockchain technology. Its efficient network allows users to send and receive value instantly with minimal fees, making it ideal for everyday payments, online commerce, and decentralized applications.
The XPL ecosystem focuses on transparency, security, and community-driven growth. By leveraging modern blockchain architecture, XPL ensures reliable performance while maintaining a user-friendly experience for both beginners and advanced users. Developers can build innovative solutions on the XPL network, expanding its use cases across finance, payments, and digital services.
As global adoption of cryptocurrency continues to rise, XPL Plasma Coin positions itself as a sustainable and forward-thinking digital asset. With a clear vision for future development and long-term utility, XPL strives to become a trusted part of the evolving digital economy. @Plasma #Plasma $XPL
{spot}(XPLUSDT)

Plasma Coin is a cryptocurrency designed to provide fast, secure, and scalable transactions on its blockchain platform. By utilizing innovative technology, Plasma Coin addresses common issues faced by traditional cryptocurrencies, such as slow transaction speeds and high fees. Its unique features include a decentralized application ecosystem, enabling developers to create and deploy dApps easily. Additionally, Plasma Coin emphasizes user-friendly interfaces, making it accessible to newcomers. The project aims to foster community engagement and promote financial inclusion through its adaptive technology and commitment to transparency. @Plasma #Plasma $XPL

The future of the XPL token (Plasma) hinges on ecosystem growth, network adoption, and managing significant token unlocks, especially a 2.5 billion XPL release in July 2026, which brings supply pressure but could fuel demand if adoption of its stablecoin-focused blockchain accelerates. Predictions vary, with some suggesting potential price volatility due to unlocks, balanced by optimism around its neobank (Plasma One), Bitcoin bridge, and privacy features for stablecoins, aiming for wider integration in traditional finance and DeFi.  @Plasma #Plasma $XPL Key Factors Influencing XPL's Future
Token Unlocks: A major unlock of 2.5 billion XPL (25% of supply) on July 28, 2026, could create sell pressure, requiring strong demand to absorb the increased circulating supply.Ecosystem Growth & Adoption: Success depends on building network effects through initiatives like:Plasma One: A stablecoin-native neobank with cashback features.Bitcoin Bridge: Enabling BTC-collateralized stablecoins and DeFi.Privacy Features: Confidential payments for stablecoins.