Marufsky

The crypto space has seen countless token launches over the years. Most of them follow familiar patterns. Early access for a small group, complicated allocation rules, and limited opportunities for everyday users to participate meaningfully. Plasma is taking a different path.
With the announcement of the XPL Public Sale, Plasma is making it clear that this is not just another blockchain launch. It is the foundation of a new global financial system, built around participation, alignment, and transparency from the very beginning.
The public sale will be conducted using Sonar by Echo. Echo is already known as the market leader in private investment infrastructure for early stage projects. Sonar is their new public sale infrastructure, and Plasma is the first project ever to launch using it. That choice alone reflects the level of intention behind this sale.
Plasma is a blockchain purpose built for stablecoins. The goal is not only faster transactions, but reliable, scalable movement of dollars at a global level. In this system, the XPL token plays a central role. It secures the PlasmaBFT consensus mechanism, powers EVM execution, and supports critical infrastructure such as the trust minimized Bitcoin bridge.
In the public sale, 10 percent of the total XPL supply will be sold at a fully diluted network valuation of 500 million dollars. This valuation matches Plasma’s most recent equity raise, signaling consistency and long term thinking rather than short term hype. There are no special prices and no hidden advantages. The same rules apply to everyone.
One of the most distinctive aspects of this sale is how allocations are earned. There is no race to be first and no gas war. Instead, participants deposit stablecoins into the Plasma Vault on Ethereum and begin earning units over time. These units represent a time weighted share of the total vault deposits, and they determine each participant’s guaranteed allocation in the XPL sale.
Supported stablecoins include USDT, USDC, USDS, and DAI. Participants can withdraw during the deposit period if they choose, but withdrawing reduces their units proportionally. This design strongly favors long term commitment over short term speculation, which closely reflects the kind of network Plasma aims to build.
Once the deposit period ends, the vault enters a lock up phase. During this time, deposits are locked and prepared for bridging to Plasma Mainnet Beta. The public sale then takes place directly on the Plasma site using the same wallet that was used for deposits. Sonar by Echo handles identity verification, jurisdictional screening, and compliance checks, while Plasma manages the sale execution and token distribution.
When Plasma Mainnet Beta launches, several important things happen at once. XPL tokens are distributed to participants, vault positions are bridged to Plasma, and deposited USDT becomes withdrawable directly on the Plasma network. For US participants, any purchased XPL tokens will be subject to a 12 month lock up, reflecting regulatory requirements.
Security and transparency are core priorities throughout this process. The pre launch vault infrastructure is built with Veda, using audited contracts that already secure billions of dollars in total value. Full audits by Spearbit and Zellic are planned for Mainnet Beta, with final reports published ahead of launch.
Ultimately, the XPL Public Sale is not just about raising funds. It is an invitation to help shape a network from the ground up. Plasma is betting on its community, on developers, users, and institutions who want to be involved early and meaningfully.
Plasma believes the future of money should be built in the open, with aligned incentives and real participation. This public sale is the first major step toward that vision.
@Plasma

Plasma Testnet Is Live and the Foundation for Global Stablecoin Payments Is Taking Shape
The launch of the Plasma testnet marks a meaningful milestone not just for the Plasma ecosystem but for the broader future of stablecoin infrastructure. This is the first public release of Plasma’s core protocol and a clear signal that the project is moving steadily toward mainnet beta with real technology now in the hands of developers.
Plasma is built with a singular focus in mind enabling global stablecoin payments at scale. While many blockchains aim to serve every possible use case Plasma is intentionally specialized. That clarity shows in the design choices behind the testnet which prioritizes throughput speed reliability and developer usability from day one.
At the heart of the testnet are two foundational components PlasmaBFT and the EVM execution layer. Together they form the base of an infrastructure stack designed to handle high volume financial flows without compromising security or composability.
PlasmaBFT is a pipelined implementation of Fast HotStuff consensus built specifically for stablecoin use cases. Traditional consensus mechanisms often process phases sequentially which can introduce latency and unpredictability under heavy load. PlasmaBFT takes a different approach by executing multiple stages in parallel. This pipelining allows the network to achieve faster finality more efficient block production and deterministic confirmation times even as transaction volume grows.
For developers and users this translates into transactions that confirm within seconds and are committed irreversibly. The system maintains full Byzantine fault tolerance while remaining flexible enough to scale with global demand. In a world where stablecoins are increasingly used for payments remittances and settlement this level of reliability is not optional it is essential.
On the execution side Plasma offers a fully EVM compatible environment powered by Reth a high performance client written in Rust. This decision lowers the barrier to entry for developers by allowing them to deploy standard Solidity contracts without code changes. Familiar tools like Foundry Hardhat and MetaMask work out of the box which means teams can start building immediately instead of spending weeks adapting to new tooling.
This focus on developer experience reflects a deeper philosophy behind Plasma. Infrastructure only matters if people can actually use it. By optimizing everything from block production to contract deployment Plasma creates an environment where speed simplicity and composability reinforce each other.
The testnet launch is only the beginning. In the lead up to mainnet beta Plasma plans to roll out several protocol native features that push stablecoin functionality beyond what is currently possible on most chains. These include zero fee USD₮ transfers through a protocol managed paymaster custom gas tokens with stablecoin gas support and native Bitcoin bridging using a trust minimized MPC based design.
These features are not add ons but core parts of Plasma’s vision. Zero fees programmable gas and seamless cross asset flows are designed to make stablecoins behave like true internet money rather than niche crypto assets. Each release will be accompanied by public documentation integration guides and hands on developer support reinforcing Plasma’s builder first approach.
For developers working on wallets payment applications FX infrastructure or remittance tools now is the ideal time to get involved. The testnet provides access to architecture documentation deployment guides a faucet for testnet XPL and supported explorers for transaction tracking. The Plasma community is actively welcoming feedback integrations and real world use cases as the network evolves.
Plasma is not trying to chase short term narratives. It is laying down the rails for the next generation of money movement. With the testnet now live the project is one step closer to bringing trillions onchain and doing so with infrastructure designed specifically for the scale and seriousness that global finance demands.
@plasma

Plasma và Binance Earn Mang Sinh Lợi USD₮ Trên Chuỗi Đến Mọi Người
Trong nhiều năm, tài chính trên chuỗi đã hứa hẹn sự minh bạch, hiệu quả và quyền truy cập toàn cầu. Tuy nhiên, một thách thức lớn vẫn chưa được giải quyết đó là phân phối. Hạ tầng blockchain tiên tiến nhất có nghĩa là rất ít nếu nó không thể tiếp cận người dùng hàng ngày ở quy mô lớn. Đó chính xác là điều làm cho sự hợp tác giữa Plasma và Binance Earn trở thành một thời điểm quan trọng.
Với việc ra mắt này, Plasma và Binance Earn giới thiệu sản phẩm sinh lợi USD₮ hoàn toàn trên chuỗi đầu tiên có sẵn trực tiếp qua nền tảng Binance. Đây không phải là một thí nghiệm chỉ giới hạn cho những người am hiểu về tiền điện tử. Đây là một sản phẩm tài chính thực sự được cung cấp trong một hệ sinh thái được sử dụng bởi hơn 280 triệu người trên toàn thế giới.

Stablecoins have quietly become one of the most important breakthroughs in modern finance. They are no longer just a crypto niche product, they are evolving into the rails for global money movement. Plasma’s recent $24M Seed and Series A raise marks a defining moment for this transition.
Led by Framework and Bitfinex, with participation from major institutions and respected industry figures, this funding round represents more than capital. It represents conviction. Conviction that stablecoins are moving from experimentation to infrastructure, and conviction that Plasma is building the right foundation to support that shift.
Today, over $220 billion worth of stablecoins exist, with trillions of dollars transferred every month. Yet most of this activity relies on blockchains that were never designed for stablecoins. High fees, failed transactions, congestion, and architectural compromises continue to slow adoption. Plasma exists to remove these bottlenecks entirely.
Unlike general purpose chains, Plasma is built from the ground up for stablecoin payments. Its architecture reflects a clear understanding of how digital dollars are actually used in the real world. Speed matters. Reliability matters. Cost matters. Plasma delivers on all three.
At its core, Plasma is a high performance Layer 1 that pairs a Fast HotStuff derived PlasmaBFT consensus mechanism with a Reth based EVM execution layer. This enables sub second finality while preserving Ethereum level developer familiarity. The result is a chain that feels intuitive for builders while being powerful enough for global scale payments.
One of Plasma’s most important breakthroughs is zero fee USD₮ transfers. USD₮ is the largest stablecoin in the world, holding close to 70 percent market share. By making USD₮ transfers fee free, Plasma removes friction at a level no other blockchain currently matches. This is a critical step toward everyday stablecoin usage, from remittances to payments to onchain finance.
The backing from Bitfinex and USD₮0 strengthens this positioning even further. Plasma is not competing on narratives, it is aligning directly with the largest players in stablecoin issuance and liquidity. That alignment gives Plasma an advantage that is structural, not promotional.
What also sets Plasma apart is its long term vision for security. By leveraging Bitcoin as a security layer, Plasma anchors its infrastructure to the most battle tested network in crypto. This approach reflects maturity and patience, traits that are often missing in fast moving blockchain ecosystems.
The $24M raise enables Plasma to accelerate development across testnet, mainnet, and ecosystem expansion. Payments, remittances, DeFi, and personal finance applications are all part of the roadmap. The goal is not to build isolated tools, but to create a complete stablecoin native environment where money can move freely and reliably.
There is also a deeper story unfolding. Stablecoins are increasingly viewed as strategic financial infrastructure. Governments, regulators, and traditional institutions are paying attention. In this environment, blockchains designed for speculation struggle, while blockchains designed for money thrive. Plasma clearly falls into the second category.
For developers, Plasma offers a familiar EVM environment without the usual tradeoffs. For users, it offers speed and cost efficiency that feel invisible but transformative. For the broader ecosystem, it offers a path toward stablecoin adoption at a global scale.
Plasma is not promising a distant future. It is building practical infrastructure for the present moment. The $24M raise is a milestone, but the real impact will be measured by how seamlessly value moves across borders, platforms, and people.
As stablecoins continue their march toward mainstream adoption, Plasma is positioning itself as the chain that makes that future possible.
@Plasma

Moving money at a global scale is not just a technical challenge. It is a regulatory one. Stablecoins promise instant settlement borderless payments and programmable money but without licensed infrastructure they remain limited in reach and trust. Plasma understands this reality deeply. That is why it is not renting access to financial rails but owning them end to end.
Plasma is positioning itself as the chain for money by building and licensing its own payments stack. This approach allows stablecoin settlement custody exchange and payments to operate within a fully regulated framework. The goal is simple but ambitious. Make digital dollars usable everywhere by institutions businesses merchants and everyday users.
To achieve this Plasma has taken concrete regulatory steps. It has acquired a VASP licensed entity in Italy established a compliance hub in the Netherlands and hired senior compliance leadership including a Chief Compliance Officer and a Money Laundering Reporting Officer. These are not symbolic moves. They are foundational actions that signal long term commitment to operating at the highest regulatory standard.
The next phase is applying for CASP authorization under the Markets in Crypto Assets MiCA framework. This license enables compliant custody and exchange services across the European Union under a harmonized regime. Beyond that Plasma is preparing for an Electronic Money Institution license which unlocks fiat connectivity card issuing wallet accounts and access to local payment rails through sponsor banks.
Licensing matters because payments is one of the most regulated industries in the world. Relying on third party licenses introduces risk cost delays and operational fragility. When infrastructure is rented innovation slows and margins shrink. By owning the regulated stack Plasma removes third party dependency compresses costs and accelerates product launches.
This strategy directly powers Plasma One which is Plasma’s stablecoin neobank. Plasma One offers users a trusted onramp into digital dollars and makes those dollars useful in daily life. Users can save earn yield spend with cards send instantly and move value across borders without friction. All of this is possible because the underlying infrastructure is licensed compliant and built for scale.
Licenses are not just legal checkboxes. They are part of the product itself. They enable asset segregation safeguarding consumer protection and compliant exchange flows. They simplify onboarding reduce intermediaries lower fees and increase settlement speed. For partners it means integrating once and launching across multiple markets with predictable timelines.
The Netherlands plays a key role in this vision. It is one of Europe’s leading payments hubs and home to major payment service providers and merchant acquirers. By expanding its regulatory presence there Plasma gains proximity to the core of the European payments ecosystem. This positions the network to pursue EMI licensing and support card programs wallet accounts and fiat rails at scale.
As Plasma One grows the benefits extend beyond a single application. Plasma plans to license this regulated stack to other builders and partners on the network. That means merchant settlement tools corridor specific cash in and cash out programmable payouts for platforms payroll solutions and treasury management for businesses holding dollar balances at scale.
When builders and companies share the same compliant infrastructure balances connect cleanly across merchants regions and use cases. Settlement accelerates and network effects emerge. Digital dollars move faster cheaper and with greater certainty. This is how stablecoins transition from niche crypto tools into foundational financial infrastructure.
The long term impact is profound. Costs fall access widens and trust increases. Institutions gain a dependable standard for custody exchange settlement and spend. Users gain simple intuitive financial tools that work globally. Developers gain regulated rails they can build on without reinventing compliance.
Plasma is assembling the licenses that matter wiring them into the corridors where value moves and turning them into products people can trust. Plasma One is the gateway today but the infrastructure being built will power an entire ecosystem tomorrow.
That is why Plasma is not just another chain.
Plasma is the chain for money.
@Plasma

Stablecoin không còn là một đổi mới nhỏ lẻ. Đối với hàng trăm triệu người, chúng đã trở thành một cứu cánh.
Trên toàn thế giới, cá nhân và doanh nghiệp dựa vào stablecoin để lưu trữ giá trị, chuyển tiền và truy cập đô la mà không cần sự cho phép. Các nhà xuất khẩu ở Istanbul chuyển đổi thu nhập thành USD₮ để tránh sự bất ổn của tiền tệ. Các chủ cửa hàng ở Buenos Aires trả lương cho nhân viên bằng stablecoin vì các ngân hàng truyền thống thì chậm và hạn chế. Các thương nhân ở Dubai sử dụng USD₮ để thanh toán xuyên biên giới một cách liền mạch, trong khi công nhân trên toàn cầu gửi tiền về nhà ngay lập tức bằng stablecoin thay vì các dịch vụ chuyển tiền tốn kém.

The One App for Your Money
For a long time, access to dollars has depended on where you live and which banking system you are part of
For many people around the world, that access is limited, expensive, or completely broken
Stablecoins changed that
Today, merchants, traders, and workers across the globe already use digital dollars to protect their income, pay employees, trade across borders, and send money home
From Istanbul to Buenos Aires to Dubai, stablecoins are no longer optional
They are essential
Yet despite this massive adoption, using stablecoins still feels difficult
Most people are forced to rely on generic crypto wallets, multiple platforms, and centralized exchanges
Turning stablecoins into something you can actually use in daily life remains a challenge
Plasma One is built to solve this problem
#Plasma @undefined $XPL
Built for How People Actually Use Money
Plasma One is a stablecoin native neobank designed for the real world
It brings everything people need into a single application
With Plasma One, users can save, spend, earn, and send digital dollars without friction
You can pay directly from your stablecoin balance while earning over ten percent yield
You can earn up to four percent cashback when spending with a Plasma One card, available both physically and virtually
The card works in more than 150 countries and over 150 million merchants
This means stablecoins finally work anywhere cards are accepted
Sending money is just as simple
Users can transfer USDT instantly and with zero fees inside the app
No banks, no delays, and no unnecessary intermediaries
Onboarding is fast and simple
Users can sign up, complete verification, and receive a virtual card within minutes
Why Plasma Is Building Plasma One
Plasma One is not just another product
It sits at the center of Plasma’s long term vision for global finance
The first reason is access
Around the world, demand for dollars is strongest where financial systems are weakest
People want a safe way to hold value and transact freely
Plasma One puts a trusted financial tool directly into the hands of those users
Instead of complex blockchain tools, people get an app they can open every day and trust with their money
The second reason is infrastructure
Plasma One is built on Plasma’s own onchain payments stack
By using its own technology at scale, Plasma can test, improve, and harden its systems under real global demand
This approach creates a powerful feedback loop
Every transaction, payment, and transfer helps make the underlying infrastructure stronger and more reliable
Over time, this same infrastructure will be available to external teams
Wallets, institutions, and payment apps will be able to build on Plasma using technology already proven in the real world
A Clear Vision for Global Money
Plasma One represents a simple but powerful idea
Money should move as easily as the internet
Plasma is building faster, cheaper, and more reliable financial rails than legacy systems
By connecting on and off ramps, FX providers, card networks, and banks into one interface, Plasma One delivers a truly global experience
The goal is clear
Anyone, anywhere should be able to download the app, access digital dollars, earn yield safely, spend with a card, and send money instantly for free
All while remaining in control of their own assets
What Comes Next
Plasma One will roll out access in stages
This allows the team to move fast, learn from real users, and scale responsibly
New features will be added as adoption grows
The long term mission is bold
To onboard billions of people into a global, onchain financial system
Plasma One is not just about stablecoins
It is about freedom, access, and trust in money
The future of finance is already here
Plasma One is making it usable for everyone
#Plasma @Plasma $XPL

Plasma Mainnet Beta Đánh Dấu Một Chương Mới Cho Hạ Tầng Stablecoin Toàn Cầu
Việc ra mắt Plasma Mainnet Beta đại diện cho một cột mốc lớn trong sự phát triển của stablecoin và tài chính trên chuỗi. Ngay từ ngày đầu, Plasma gia nhập thị trường với quy mô, tính thanh khoản và một sứ mệnh rõ ràng để trở thành nền tảng cho sự chuyển động của đồng đô la kỹ thuật số toàn cầu.
Khác với các blockchain đa mục đích, Plasma được thiết kế đặc biệt cho stablecoin. Tại thời điểm ra mắt, hơn 2 tỷ đô la stablecoin sẽ được đưa vào mạng lưới, ngay lập tức biến Plasma thành một trong những chuỗi lớn nhất về tính thanh khoản stablecoin trong lịch sử. Vốn này sẽ được triển khai trên hơn 100 đối tác DeFi, bao gồm các giao thức lớn như Aave, Ethena, Fluid và Euler, đảm bảo tính hữu dụng ngay lập tức trong thế giới thực thay vì thanh khoản không hoạt động.

Plasma is building a new global financial system where stablecoins serve as the foundation for payments, savings, and credit. To make this vision viable at scale, Plasma focuses on creating a reliable and efficient credit layer that can transform stablecoin deposits into predictable, market grade capital. The partnership between Plasma and Aave represents a major step toward achieving this goal.
When Aave launched on the Plasma network, the Plasma team committed an initial 10 million dollars worth of $XPL tokens as part of a broader incentive program. This commitment was designed to align liquidity providers, borrowers, and long term ecosystem participants from day one. The results were immediate. Within 48 hours of Plasma mainnet launch, deposits into Aave on Plasma reached 5.9 billion dollars, later peaking at 6.6 billion dollars. This rapid inflow of capital positioned Plasma as a core venue for stablecoin based credit.
However, Plasma’s success is not defined by total value locked alone. While TVL measures deposits, borrowing activity reflects real demand for credit. On Plasma, Aave has generated approximately 1.58 billion dollars in active borrowing. Utilization rates for key assets such as WETH and USD₮0 exceed 84 percent, showing that liquidity is actively being used rather than sitting idle.
Borrowers typically access credit for two main reasons. Some aim to increase exposure to assets through leverage, while others seek to amplify yield through looping strategies. Plasma was designed with these use cases in mind. By maintaining deep liquidity and stable borrowing rates, the network enables strategies that remain viable even during periods of market volatility.
USD₮0 plays a central role in this ecosystem. It is the primary dollar denominated asset on Plasma and the main lending currency on Aave. As of November 2025, USD₮0 supply stands at approximately 1.78 billion dollars, with 1.49 billion dollars borrowed, resulting in an utilization rate of nearly 84 percent. Despite fluctuations in overall TVL, USD₮0 borrow rates have consistently remained within the 5–6 percent range. This stability is critical for institutions and advanced users who require predictable costs to manage leveraged positions responsibly.
Plasma has also benefited from productive collateral integrations. Ethena’s USDe and sUSDe generate yield directly at the asset level. On Plasma, users can deposit sUSDe into Aave to earn both Ethena yield and Aave incentives, then borrow USD₮0 against that position. This design improves capital efficiency while preserving risk discipline. Similarly, Ether.fi’s weETH provides high quality collateral for users who want to borrow against restaked ETH while continuing to earn staking rewards.
As of late November 2025, Plasma has become the second largest Aave market globally, second only to Ethereum mainnet. It accounts for roughly 8 percent of all Aave borrowing liquidity worldwide. Among markets with more than 1 billion dollars in TVL, Plasma demonstrates strong capital efficiency with a market wide utilization rate of 42.5 percent. Its 1.58 billion dollars in active borrowing is nearly double that of the third largest market, highlighting the depth and effectiveness of its credit infrastructure.
Looking ahead, Plasma aims to extend this onchain credit layer beyond DeFi. The roadmap includes deeper integrations with on ramp and off ramp providers, foreign exchange services, and licensed payments and custody infrastructure. These components are essential for connecting predictable onchain credit to real world settlement, treasury operations, and cross border payments.
Over time, this approach positions Plasma as a foundational credit layer for stablecoin infrastructure. By combining disciplined risk management, productive collateral, and real world distribution, Plasma is laying the groundwork for a scalable and sustainable global financial system.
$XPL
@Plasma ma
#plasma