Plasma's new on-chain yield program in collaboration with Binance attracted $250 million in deposits in less than an hour, reaching its limit quickly. The Plasma USDT Locked Product offers daily USDT rewards to users who deposit USDT, alongside a 100 million XPL token airdrop, accounting for 1% of the total supply. The program opened at 12:00 UTC on Binance Earn, operating on a first-come, first-served basis. Plasma, known for fee-free USDT transfers, is backed by notable investors and previously raised significant funds in a public token sale. The impressive uptake of the yield program reflects strong investor interest in Plasma's offerings and the potential for growth in the stablecoin space.

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