Bitcoin Stablecoin Network Plasma Sets XPL Token Sale After Attracting $1 Billion in Deposits
2025-07-10 23:39:51
Main Idea
The article discusses various topics including an upcoming XPL token sale, the potential impact of US legislation on stablecoins in Europe, and the adoption of USDC by Ant Group.
Key Points
1. The XPL initial coin offering is scheduled for July 17, with a mainnet launch expected by late summer.
2. The European Commission is considering regulations that could lead to a surge in USD-backed stablecoins in Europe.
3. Ant Group, a Chinese payments giant, is set to adopt Circle’s USDC stablecoin.
4. Plasma is preparing to launch its mainnet after a 40-day lock-up period for deposited tokens post-token sale.
5. Ripple Labs has chosen BNY as the custodian for its RLUSD stablecoin, which has reached a market capitalization of $500 million.
Description
Plasma will feature several unreleased stablecoins upon its "late summer" mainnet launch, although it wouldn't confirm who would issue them.
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