XPLUSDT is the perpetual futures trading pair for Plasma (XPL) against USDT on platforms like Binance Futures. Launched in pre-market trading around August 2025, it offers up to 5x leverage with features like ±1% price caps during early hours to manage volatility and funding fees every four hours.
enables zero-fee USDT transfers through a protocol-managed paymaster, supports custom gas tokens, and includes a trust-minimized Bitcoin bridge for native pBTC use in smart contracts. Secured by PlasmaBFT consensus, it achieves sub-second finality and over 1,000 TPS, making it ideal for cross-border payments, merchant settlements, and DeFi. Launched mainnet in September 2025, it drew over $2B in stablecoin liquidity on day one. XPL is the native token for transaction fees (beyond gasless USDT), staking to secure the network, validator rewards, and governance. Backed by Tether, Bitfinex, and investors like Founders Fund, it targets global stablecoin dominance.