Plasma is set to launch its stablecoin-optimized blockchain on mainnet by late summer 2025, following the successful completion of a $1 billion deposit phase for its XPL token pre-sale. CEO Paul Faecks emphasized that the blockchain is designed specifically for stablecoin transactions, aiming to create the best environment for moving stablecoins efficiently. The pre-sale will open at least 40 days before the mainnet launch, with U.S. participants expected to have a 12-month token lock-up due to regulatory compliance. Plasma's blockchain will be EVM-compatible, allowing for stability and ease of integration with existing payment systems. It plans to provide gasless stablecoin transactions and has raised significant investment to support its mission. With the total stablecoin market capitalization exceeding $251.74 billion, Plasma's targeted approach comes amid growing corporate interest in stablecoins, including potential moves by major companies like Walmart and Amazon. The firm aims to capitalize on the recent legislative environment concerning stablecoins to position itself as a leading player in this niche sector.

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