Plasma has announced the launch of its mainnet and the release of its native token XPL.

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

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