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Plasma announces the launch of its Mainnet and the introduction of its native Token XPL.
On September 25, according to The Block, the Layer 1 blockchain Plasma, designed specifically for stablecoins, announced the launch of its mainnet and the introduction of its native token XPL. It also launched a zero-fee transfer feature for USDT based on its self-developed consensus mechanism PlasmaBFT, and has integrated over 100 DeFi projects. Plasma positions the new network as infrastructure built for global capital flow. The team stated that the chain is EVM compatible, and during the initial phase, users can achieve zero-fee transfers of USDT. At launch, partnerships were established with Aave, Ethena, Fluid, and Euler.