Plasma’s XPL Soars on Stablecoin Momentum—But 2026 Unlocks Loom

Plasma’s XPL token surged 52% following the launch of its mainnet beta on September 25, 2025, marking a pivotal milestone for the stablecoin-optimized blockchainPlasma Mainnet Beta and XPL^[1]. The network debuted with $2 billion in stablecoin liquidity, including integrations with DeFi protocols like Aave, Ethena, and Euler, positioning it as the eighth-largest blockchain by stablecoin liquidityPlasma Mainnet Beta and XPL^[1]. Zero-fee USD₮ transfers were activated, enabling users to move stablecoins without transaction costs through Plasma’s PlasmaBFT consensus layerPlasma Mainnet Beta and XPL^[1]. The token’s price rose from just above $1 at launch to a peak of $1.16 within hours, driven by speculative demand and institutional participationPlasma TVL Erupts After Mainnet: XPL Price Prediction For Q4^[2].

The XPL token’s distribution reflects a broad ownership model, with 10% of the 10 billion total supply allocated to a public sale. An additional 25 million tokens were airdropped to verified depositors, and 2.5 million reserved for the Stablecoin Collective communityPlasma Mainnet Beta and XPL^[1]. Early whale activity amplified the token’s volatility: one investor deposited $50 million in USDT during the public sale, securing 54.09 million XPL tokens worth $50.4 million at launch, yielding a $47.7 million unrealized profitPlasma TVL Erupts After Mainnet: XPL Price Prediction For Q4^[2]. The token’s circulating supply of 1.8 billion at launch is expected to expand further in 2026, as 2.5 billion tokens allocated to US participants will unlock on July 28, 2026Plasma Mainnet Beta and XPL^[1].

Plasma’s strategic focus on stablecoins aligns with growing global demand for efficient digital dollar infrastructure. The network’s zero-fee transfers and high-throughput design aim to facilitate cross-border payments, remittances, and on-chain tradingPlasma Mainnet Beta and XPL^[1]. Partnerships with Binance Earn and Bitfinex, along with a $1 billion TVL from day one, underscore its potential to capture market share from Ethereum and Tron, which currently host significant stablecoin activityPlasma XPL Token 2025: Stablecoin-Optimized Blockchain …^[4]. Analysts highlight the project’s alignment with regulatory trends, particularly the U.S. “Genius Act,” which recognizes stablecoins as legal payment instruments.

Market analysts have drawn cautious optimism about XPL’s price trajectory. While some predict a rise to $3–$5 based on speculative momentum and whale-driven demandPlasma TVL Erupts After Mainnet: XPL Price Prediction For Q4^[2], others caution that token unlocks in 2026 could introduce downward pressure. The token’s current fully diluted valuation of $10 billion is viewed as a baseline, with potential for growth if Plasma expands its stablecoin ecosystem and secures broader institutional adoptionPlasma TVL Erupts After Mainnet: XPL Price Prediction For Q4^[2].

Plasma’s long-term vision includes launching “Plasma One,” a stablecoin-native neobank targeting regions like the Middle East, and integrating with physical peer-to-peer cash networks to drive merchant adoptionPlasma Mainnet Beta and XPL^[1]. The network’s focus on scalability and low-cost transactions positions it to compete in a market where stablecoins already facilitate over $22 trillion in annual on-chain volumePlasma XPL Token 2025: Stablecoin-Optimized Blockchain …^[4]. However, challenges remain in sustaining organic adoption beyond initial liquidity inflows and navigating regulatory scrutiny.