Plasma announces Mainnet Launch and unveils native token XPL

BlockBeats News, September 25th, according to The Block, Layer 1 blockchain Plasma, designed specifically for stablecoins, announced the mainnet launch and the release of its native token XPL. Plasma also launched a zero-fee transfer feature for USDT based on its self-developed consensus mechanism PlasmaBFT, and has already integrated over 100 DeFi projects.

Plasma positions the new network as infrastructure designed for global fund flows. The team stated that the chain is EVM-compatible, and in the initial stages, users can achieve zero-fee transfers of USDT. At launch, partnerships were established with Aave, Ethena, Fluid, Euler, and others.