Plasma’s XPL Token Launches as “Money 2.0” Backbone with $2.4B Market Cap

Plasma’s XPL token, the native asset of a stablecoin-optimized blockchain, launched with a market capitalization exceeding $2.4 billion, according to multiple reportsStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. The token debuted on major exchanges such as Binance and OKX, with early trading reaching a price of up to $1.54Stablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. The Plasma network, which introduced its mainnet beta on September 25, 2025, reported over $2 billion in stablecoin total value locked (TVL) at launchStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. This positions Plasma as a top-10 blockchain by stablecoin liquidity, leveraging an EVM-compatible design to support over 100 DeFi integrations, including partnerships with Aave, Euler, and EthenaStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8].

XPL serves multiple roles within the Plasma ecosystem, functioning as a gas token, staking asset, and reward token for validatorsStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. The token has a fixed total supply of 10 billion, with 18% (1.8 billion) currently in circulationStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. Tokenomics include an inflationary model, starting at 5% annual inflation that will taper to 3% over time, while EIP-1559-style fee burns are expected to offset dilutionStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]USDT, Plasma, and Mainnet: Everything You Need to Know About the Revolutionary Stablecoin Blockchain^[7]. Ecosystem and growth initiatives account for 40% of the supply (4 billion tokens), with 8% unlocked at launch to support liquidity and partnershipsStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. Remaining tokens will be released monthly over three years to ensure sustained developmentStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1].

Plasma’s focus on stablecoins includes zero-fee USDT transfers for simple transactions, facilitated by its custom PlasmaBFT consensus layerStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. However, complex operations such as contract deployments require XPL as gasStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. The network also launched Plasma One, a stablecoin-native neobank, to provide users with permissionless access to spending, earning, and saving digital dollarsStablecoin-Focused Plasma's XPL Token Debuts With $2.4B Market Cap^[1]Stablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. This aligns with the project’s mission to create a “Money 2.0” infrastructure for global financial servicesStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5].

The token’s public sale, conducted via the Echo platform, raised $373 million in an oversubscribed offeringPlasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. Non-U.S. participants received their tokens at launch, while U.S. investors face a one-year vesting period due to regulatory constraintsStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. The sale allocated 10% of the total supply (1 billion tokens) to public participants, with a pre-launch fully diluted valuation (FDV) reaching $6.9 billionStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. Strategic partnerships, including a $1 billion onchain USDT yield product with Binance, further bolstered liquidity and adoptionStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8].

Plasma’s ecosystem is backed by prominent figures such as Peter Thiel, Tether CEO Paolo Ardoino, and Bitfinex, with $24 million raised in pre-sale roundsPlasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]Plasma Launches $XPL Public Sale: All Hype or Real Deal?^[10]. The project’s competitive edge lies in its Bitcoin-anchored security, EVM compatibility, and scalable infrastructure, which supports thousands of transactions per secondStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8]. Analysts note that Plasma’s focus on stablecoins—projected to grow to $3 trillion by 2030—positions it to capitalize on the sector’s expansionStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]. Future plans include expanding zero-fee USDT transfers to third-party apps and deepening integrations in emerging marketsStablecoin-focused Layer 1 Plasma goes live introducing XPL token and DeFi integrations^[5]Plasma Mainnet Beta Launches With $2B Stablecoin Liquidity and XPL Token^[8].