Plasma Plans Late Summer Mainnet Launch Featuring Multiple Unreleased Stablecoins
2025-07-10 23:53:09
Main Idea
Plasma is preparing for a late summer mainnet launch, featuring a strategic XPL token sale with a lock-up mechanism, and has seen significant deposit growth signaling market confidence.
Key Points
1. Plasma's XPL initial coin offering (ICO) is scheduled for July 17, with a 10% share of total XPL offered and a 12-month lock-up for U.S. participants.
2. Deposits have surged to $1 billion, doubling the initial $500 million target, indicating strong market confidence.
3. Plasma is a blockchain optimized for stablecoins, combining Bitcoin's security with Ethereum's flexibility through EVM compatibility.
4. The project is engaging with the stablecoin market, valued at approximately $255.9 billion, and may benefit from potential regulatory changes like the GENIUS Act.
5. Plasma's mainnet launch is expected no earlier than August 26, with a focus on creating a scalable blockchain for stablecoins.
Description
Plasma, a Bitcoin-based stablecoin blockchain, is gearing up for its mainnet launch this late summer, featuring several unreleased stablecoins and a highly anticipated XPL token sale. The project has attracted
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