Binance has added Plasma (XPL), a new Layer-1 (L1) blockchain optimized for global stablecoin payments, as the 44th project on its HODLer Airdrops page.
The introduction of Plasma comes ahead of its spot trading debut scheduled for September 25, 2025. This timing is strategic, as it offers eligible BNB holders early access to XPL rewards, enhancing their engagement with the platform.
Binance exchange’s HODLer Airdrops program has been designed to reward long-term BNB holders retroactively. These users won’t be required to take any additional actions after subscribing, making the process seamless and user-friendly.
To benefit from this program, Binance users who subscribed their BNB to Simple Earn (both Flexible and Locked) or On-Chain Yields between September 10 and 13, 2025, will be eligible for Plasma’s HODLer Airdrops. This detail is vital for those looking to gain from the upcoming token release.
A key highlight in the announcement is a reward pool consisting of 75 million XPL tokens, which represents 0.75% of the total supply. These tokens will be distributed to spot accounts at least one hour prior to when trading begins.
Furthermore, Binance plans to allocate an additional 50 million XPL for marketing initiatives post-listing. An extra 150 million XPL will also be made available six months after the initial release, underlining the exchange’s commitment to Plasma’s success.
Plasma is characterized as an EVM-compatible Layer-1 blockchain that aims to facilitate high-volume, low-cost transactions specifically for stablecoins. This design positions Plasma as a noteworthy contender in the evolving payments landscape.
Moreover, the blockchain enters a competitive field of Layer-1 blockchains, all vying for adoption from issuers of digital dollars and other stable assets. The focus on transaction speed and cost-effectiveness is likely to be a significant factor in its adoption.
The initial supply of Plasma is set at 10 billion tokens, with 1.8 billion (18%) available in circulation on day one. Following this, the token will implement an inflationary model, releasing 5% of the total supply in the first year. This release rate will gradually decrease by 0.5% annually until stabilizing at a floor rate of 3%.
The announcement also confirmed that Binance is set to list Plasma’s XPL token for spot trading beginning September 25 at 13:00 UTC. This is a significant milestone for both Plasma and its prospective investors.
“[Token pairs to be supported include] XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY,” Binance stated.
Additionally, deposits for XPL and USDT are scheduled to go live on September 24, allowing users to prepare ahead of the trading launch. Withdrawals will only be possible after trading has commenced.
In a further bid to enhance user experience, Binance has expressed an intention to support USDT deposits and withdrawals directly on the Plasma Network. Given Plasma’s emphasis on stablecoin transactions, this integration will likely improve liquidity and usage.
Plasma will initially debut on Binance Alpha, the exchange’s pre-listing pool, and will eventually be delisted once the spot markets become active. This gradual transition shows Binance’s careful approach to launching new assets.
Overall, Binance’s decision to highlight Plasma signifies its ongoing commitment to enhancing stablecoin infrastructure. This focus aligns with the current regulatory and institutional attention surrounding frameworks like Europe’s MiCA (Markets in Crypto Assets), framing Plasma as a promising initiative in the blockchain space.