Jeeya_Awan

Plasma is a remittance blockchain platform. Transferring US dollars globally requires infrastructure under our complete control. @Plasma is independently building and licensing this infrastructure to ensure smooth settlement, custody, exchange, and payments of stablecoins.
Plasma has acquired an entity licensed as a Virtual Asset Service Provider (VASP) in Italy and established an office in the Netherlands, while also hiring professional compliance personnel, including a compliance officer and an anti-money laundering whistleblower. Subsequently,already applied for a Digital Asset Service Provider (CASP) license under the Anti-Money Laundering and Counter-Terrorism Financing Act (MiCA), which enable us to hold and exchange assets on behalf of users, and prepare to establish an Electronic Financial Institution (EMI) to directly integrate fiat currency transactions into Plasma's stablecoin infrastructure.
Plasma global remittance infrastructure licensing allows to serve a wider range of markets and partners across broader regions. This is how Plasma One operates as a true digital stablecoin bank, and how Plasma fulfills its mission of building stablecoin infrastructure for a new global financial system.

Payment Infrastructure Licensing
The payments industry is highly regulated, and simply leasing access rights is insufficient to operate a global financial network. To facilitate large-scale digital fund transfers for institutions, businesses, merchants, and individuals worldwide, a regulated infrastructure is essential.
Plasma has acquired a licensed Virtual Asset Service Provider (VASP) in Italy. Plasma has applied for a Crypto Asset Service Provider (CASP) license under the Crypto Asset Market Framework (MiCA) and expanded compliant operations in the Netherlands to confidently provide services for priority payment gateways.
The Netherlands is a leading payments hub in Europe, home to many major Payment Service Providers (PSPs) and Merchant Acquiring Companies. Electronic payment platforms connect merchants to global payment systems, enabling businesses to securely accept and process bank cards and other payment methods. Plasma team in the Netherlands lays the necessary foundation for our continued pursuit of an Electronic Money Institution (EMI) license. The EMI license supports numerous leading payment service providers and a wide range of bank card and e-wallet applications, as well as fiat currency integration.
Having a stablecoin infrastructure license eliminates third-party risk, reduces costs, and accelerates product launches. It also provides Plasma One and its card-compatible payment system with scalable infrastructure, bringing us closer to building a stablecoin infrastructure that serves everyone globally.
Why is a license so important for money transfers?
A license is an integral part of the product. These technologies enable our products to store assets securely and segregated, operate compliant transaction systems, issue bank cards, and connect to local monetary systems. Ultimately, this results in a streamlined user registration process, fewer intermediaries, faster settlement speeds, lower fees, stronger consumer protection, and a unified operating standard for partners.
Under the MiCA protocol, CASP licenses support asset storage and trading within a unified framework. EMI licenses support card issuance, stored-value wallets, fiat currency connectivity, and direct access to the local network through partner banks. Plasma compliance center in the Netherlands enables to provide priority access, meet data residency requirements, and offer a clear path for enterprise integration.
In practice, users can join the platform in a trusted environment, use their USD balances for spending and instant settlement, and seamlessly transfer value across borders. Businesses only need to integrate once to benefit from a complete compliance solution and expand their services to more markets within a specified timeframe. These licenses transform distribution into broad coverage, enabling digital USD on the Plasma network to be used anywhere.
Plasma One and the Future
Plasma One is the stablecoin digital banking platform built on the Plasma infrastructure. Plasma One provides a reliable and regulated way for you to access digital USD and use it in your daily life: earn interest savings, use debit cards for spending, make instant remittances, and conduct seamless cross-border payments.
To make Plasma One the most cost-effective and efficient way to use stablecoins, plasma has the infrastructure to support deposits and withdrawals, card issuance, spending systems, and virtual USD accounts. Relying on third-party licenses introduces additional costs, delays, and risks. Only by having and optimizing a complete regulatory infrastructure can a truly digital banking experience for stablecoins be realized.
As Plasma One develops, plasma empower partners and other Plasma platform developers to leverage this infrastructure. This means deeper merchant acceptance and settlement, single-channel cash deposit and withdrawal functionality, programmable payments for employers and the platform, and financial instruments for businesses holding and transferring cash balances on a large scale. Once developers Once builders and companies can use the regulated infrastructure, balances connect cleanly across merchants and corridors. Settlement accelerates across the network, creating durable network effects for dollars on Plasma.
Plasma One is the gateway to digital dollars on Plasma today and the foundation for the products that follow.
Conclusion
#Plasma is assembling the regulated capabilities that matter, wiring them into the corridors where value moves, and turning them into products that people and institutions can trust. As the licensing stack expands and compliance deepens, partners gain a single, dependable standard for custody, exchange, settlement, and spend on Plasma.
Plasma One carries these compliant foundations to merchants and platforms, into payroll and payouts, and across corridors where dollars are most in demand. The result is a stack for global money movement where cost falls, access widens, and dollars flow with the certainty modern economies require.
That is why Plasma is the chain for money.
$XPL

Plasma is a Layer 1 blockchain purpose-built for global payments. It aims to deliver a secure, scalable, and efficient foundation for stablecoin issuance and transactions, enabling seamless cross-border money movement at scale. @Plasma has announced a partnership with Binance Earn to launch its first fully blockchain-based USD yield product on the Binance. This is a significant moment, marking the transition of this stablecoin architecture from early adoption to the world's largest USD exchange, reaching hundreds of millions of users.

The Power of Binance Earn
Binance Earn operates on a platform with over 280 million users and over $30 billion in USD trading volume, making it the world's largest and most liquid digital asset USD trading market. Binance processes billions of dollars in transactions daily through banks, paywalls, traditional cash shops, and other major global payment networks. This partnership with Binance Earn is crucial to realizing our vision of making global financial payments accessible to everyone.
Binance is more than just a crypto platform; it's a financial lifeline for many. People use it to send money to family, pay for basic services, and purchase necessities. For those without access to banks and formal payment systems, Binance is a vital channel for preserving and securely transferring funds. Binance is a leading crypto payments company and one of the world's largest. Plasma's mission is to build a secure and scalable infrastructure for global stablecoins, and Binance is undoubtedly its most important distribution channel.
This event will directly provide USDT yields recorded on the Plasma blockchain on a platform already used by hundreds of millions of users. No new accounts or unfamiliar user interfaces are required. After users subscribe to USD₮ through Binance Earn, their funds will be invested in Plasma's lending infrastructure, audited and designed by professional institutions. The entire process is seamless and has a significant market impact.
Event Details
Project:
Plasma USDT product locked on the Binance Earn platform
Accepted Currency:
USDT
Maximum Subscription Amount per User:
First-come, first-served. Subscription limits and other product terms apply. For more information, please refer to the Binance Plasma USDT Locked Product Subscription page and its announcements.
XPL Rewards:
1% of the total supply (100 million XPL).

Event Time:
8:00 AM Eastern Time, Wednesday, August 20th.
End Time:
Until the $XPL Token Offering (TGE) ends, or the USDT yield product on Binance Earn reaches its maximum deposit limit. XPL rewards will be distributed to participants after the XPL Token Offering (TGE) ends.
After the Event Ends
After the event ends, the USDT yield product on the blockchain continue to be available on Binance Earn. Subscription limits per user are only valid during the event period. All settlements continue to be fully transparent on the Plasma platform.
Making Blockchain Yields Accessible to Everyone
Distribution is the biggest obstacle to the global rollout of blockchain finance. Without as many users and funds as possible, the latest technology is useless. Binance Earn's vast reach is undeniable, and for Plasma, this is undoubtedly an excellent opportunity to bring blockchain yield products to hundreds of millions of users.
By connecting Plasma's blockchain yield products with Binance Earn, this collaboration combines the most trusted environment in the cryptocurrency space with an infrastructure designed for transparency, security, and scalability. Never before has there been a way to unlock the full potential of stablecoins to users worldwide on such a large scale.
Plasma is responsible for building the infrastructure, while Binance Earn is responsible for making it accessible. This collaboration between Plasma and Binance will bring a billion new users to the blockchain network.
#Plasma

Stablecoins are a fundamental and open way to store and transfer US dollars, usable anytime, anywhere. For hundreds of millions of people worldwide, stablecoins have become a necessity.
Exporters in Istanbul's Grand Bazaar visit exchange counters weekly to exchange for US dollars (USDT) so they can hold their profits in a currency they trust. Shop owners in Buenos Aires pay their employees in US dollars (USDT) because the stablecoin system is faster than Argentina's banking system. Commodity traders in Dubai use US dollars (USD₮) for cross-border trade, and workers around the world use stablecoins to send money home.

In any case, the US dollar is a commodity in itself, which is why so many people around the world are in dire need of it.
The challenges stablecoins currently face lie in numerous difficulties in their use. The lack of local applications in many countries forces people to rely on public digital wallets. The exchange process between stablecoins and fiat currencies is complex because distribution often relies on centralized exchanges. Ultimately, existing cryptocurrency interfaces simply cannot meet the demand.
Therefore, @Plasma proudly launch Plasma One, a digital bank and digital card designed specifically for stablecoins, aiming to solve the above problems. It is built on the Plasma Layer-1 blockchain, which is purpose-built for stablecoins and payments.
One app, easily manage your funds
Plasma One aims to enable everyone, wherever they are, to save, spend, and earn USD anytime, anywhere through a single app without restrictions. It sets a new benchmark for global digital banking, tailor-made for stablecoins.
Spending and Earnings
Earn over 10% in earnings by paying directly with your stablecoin balance.
Real Rewards
Earn up to 4% cash back with any Plasma One card, whether physical or virtual.
Global Coverage
Your card can be used at over 150 million merchants in more than 150 countries.
Fee-Free USD Transfers
Send digital USD to individuals and businesses instantly and free through the app.
Quick Registration
Register and complete the registration process to receive your virtual spending card in minutes, no waiting days.
Why Was This Product Built?
There are two main reasons why Plasma One is at the heart of our product development.
First, distribution. Plasma One allows us to deliver software directly to people facing financial exclusion. The core idea behind the product is that most people around the world want free and widespread access to digital dollars, but they face significant barriers. Plasma One enables us to provide a global channel for dollar deposits and withdrawals, offering savings, spending, earning, and remittance functions tailored to local market conditions.
#Plasma focus on the markets with the highest demand for dollars. For example, in cities like Istanbul, Buenos Aires, and Dubai, the ways in which dollars are used are diverse. Plasma company communicate weekly with individuals, merchants, and businesses in these markets. Their observations can be summarized as follows: While blockchain infrastructure offers many benefits to developers through powerful APIs and SDKs, end users still need a product that can be unlocked, trusted, and used to store savings in their daily lives. The Plasma One platform is designed to meet this need.
Plasma's second strong interest in Plasma One stems from their desire to build technology that leverages their own infrastructure. Plasma One is one of our key initiatives to ensure our blockchain payment platform becomes the most user-friendly and reliable platform globally. As plasma's first customer, they can test, scale, and refine their payment platform through a rapid feedback loop. With the development of Plasma One, they can integrate the entire Plasma ecosystem into a single application, consolidating our DeFi ecosystem, trading platform integration, and payment partners into one application, thereby delivering optimal pricing, liquidity, and a unified, seamless user experience.
Over time, these core components they are building will be made available to external teams. Institutions, digital wallets, and payment applications will be able to launch on the Plasma platform, which boasts a mature infrastructure that has been rigorously tested and optimized under real-world pressure. The integration approach to blockchain, tools, and applications enables us to optimize end-to-end performance and provide a reliable infrastructure for other users.
Future Vision
Plasma One is the perfect embodiment of plasma team's global financial vision. It aims to make essential financial services easily accessible to everyone.
Plasma's strategy for achieving this goal is simple: we will build the most efficient infrastructure in the global financial sector, because stablecoins are cheaper, faster, and more reliable than traditional payment methods.
They attracted top global partners by connecting inbound and outbound platforms, foreign exchange providers, card organizations, and banks through a seamless platform. They created a world-class product; the Plasma One app that set a new benchmark for stablecoin-based digital banking in terms of ease of use, coverage, and user experience.
Plasma One's success model is worth learning from because anyone in any country can download the app, earn US dollars, securely and efficiently earn rewards, use the card in stores, and instantly transfer money to friends.
$XPL

We are building a global financial system powered by stablecoins. To support this vision, we need a credit layer that turns USD₮ deposits into predictable, market-grade capital.
‍Our partnership with Aave, combined with precise risk calibration and targeted incentives, has delivered a low USD₮ borrow rate that converts deep deposit liquidity into dependable borrowing capacity.
That durable and low-cost borrow rate is the foundation of our onchain strategy. It enables builders and institutions to design yield products and leverage strategies that remain viable in both bear and bull markets.
Plasma with Aave: The Global Credit Layer

As part of the Aave deployment proposal, we committed an initial $10 million in XPL tokens. This commitment was part of a broader incentive program.
Within 48 hours of the @Plasma mainnet launch, deposits into Aave on Plasma reached $5.9 billion. By mid-October, it peaked at $6.6 billion.
The incentives and Aave’s deployment on Plasma attracted billions of dollars in cumulative deposits and established it as a core venue for stablecoin credit.
The PlasmAave Effect: A New Standard for Credit Launches
The launch of Aave on Plasma set a new benchmark for a day one credit layer. The program achieved a peak of about $6.6 billion in TVL. The first 8 weeks were especially efficient, delivering $160 in TVL for every $1 of incentives.
We worked closely with Aave ecosystem contributors on risk, oracles, and asset parameters so that once incentives went live, the system was ready for large flows.
Key pieces include LayerZero-native assets like Tether on Plasma (USD₮0), Ethena's USDe and sUSDe, and Ether.fi's weETH, all using the OFT standard. These assets can bridge into Plasma and directly into Aave with zero slippage.
Beyond TVL: Building a True Credit Market

While TVL measures deposits, borrowing measures actual credit market activity.
People generally borrow for two primary reasons: to increase exposure to an asset (leverage) or to amplify yield (looping). We created a market with deep liquidity and stable borrowing rates on Aave, which is critical for these strategies.
Aave on Plasma has generated $1.58B in active borrowing, with exceptional utilization rates: WETH at 84.9% and USD₮0 at 84.1%. This represents significant active borrowing relative to incentives spent in the initial period.
Utilization shows the share of supplied liquidity that’s actively borrowed. The 84%-plus utilization on WETH and USD₮0 means most available liquidity for those assets is being put to work, fueling leverage and yield-looping strategies rather than sitting idle.
Market-wide utilization of 42.5% signals durable, broad-based demand for credit that underpins predictable borrow rates and the flexible yield primitives builders and institutions rely on.
What makes Plasma's rate structure notable is its stability. Despite TVL fluctuations from $6.6B to $1.7B, USD₮0 borrow rates have maintained a remarkably consistent 5-6% range since launch.
This stability is critical for leverage strategies and yield looping, where borrowers need predictable costs to maintain profitable positions.

At a 4.48% net borrow rate it remains competitive with broader DeFi yields. Users can borrow USD₮ and deploy it into strategies earning higher APY, creating net positive carry.
The concentrated liquidity model with only three borrowable assets created deep markets that support these strategies at scale, with $1.70B in active borrowing demonstrating sustained demand.
Plasma: The #2 Aave Market Globally
‍As of November 26, 2025, Plasma is the second-largest Aave market in the world across all chains, second only to Ethereum mainnet.

#Plasma consists of approximately 8.0% of all Aave borrowing liquidity globally, a significant achievement for a market that launched only recently. Among the largest markets with over $1B in TVL, Plasma demonstrates strong capital efficiency with a 42.5% utilization rate.
Plasma's $1.58B in active borrowing is nearly 2x the size of the #3 market and represents a substantial portion of all L2 and alternative L1 lending activity combined.
Activating Credit Across Assets
With Aave live and incentives active, the market quickly organized around a clear structure of borrowable assets and supply-only collateral.
Of the assets listed on Aave Plasma, only USD₮0, USDe, and WETH are configured as borrowable. Assets like sUSDe, weETH, Pendle PT tokens, and XAUt0 serve as supply-only collateral, allowing users to deposit and earn yield while using these positions to borrow assets.
USD₮0: The Backbone of the Market
‍USD₮0 is the primary dollar asset for both the chain and Aave. As of November 2025, the market has $1.78B in USD₮0 supply with $1.49B borrowed, maintaining a strong 83.7% utilization rate.
USD₮0 now acts as the unit of account and main lending currency on Plasma.
Ethena and Ether.fi: Yielding Collateral
‍Ethena's USDe and sUSDe generate yield at the asset level. On Plasma, users can deposit sUSDe into Aave to earn both Ethena's yield and Aave rewards, then borrow USD₮0 against that position.
Ether.fi's weETH serves as high-quality collateral with $270M supplied, allowing users to borrow against their restaked ETH positions while maintaining yield exposure.
Lessons and What Comes Next
‍We anchored Plasma's credit market to a group of partners including but not limited to: Aave for lending, Tether for dollars, Ethena and Ether.fi for productive collateral.
The launch of Aave on Plasma was a strong start, but the true test of an ecosystem is net new borrowing activity to drive capital efficiency.
To get there we will deepen integrations with on/off ramps as well as FX providers, and expand our licensed payments and custody stack so onchain credit connects to real-world settlement and distribution.
Those distribution and payments capabilities are the multiplier: they plug predictable onchain credit into merchant settlement, treasury services and cross-border corridors at scale for both individuals and institutions.
Over time, this is how Plasma powers the credit layer for stablecoin infrastructure in the new global financial system we are building.
$XPL

What impressed me most when I first used Dusk wasn't its speed or novelty, but its quietness.
On @Dusk , when a rule was applied for the first time, no one objected.
The applicability of a rule was determined entirely by its text. After committee approval, Phoenix continued generating blocks. On Moonlight, everything was so straightforward that no one added comments or opened files. There was no noise. It just… silently ran.
The second time, someone recognized the rule and relaxed.
The third time, no one even shouted out the rule's terms. They would say, "It's already approved," and move on to the next step.
That's when I truly understood Dusk's design philosophy.
#Dusk is the first layer of security designed for the regulated financial sector, where privacy doesn't mean secrecy, and its application doesn't mean controversy. The rule's inevitable application with limited visibility is itself a form of protection. It doesn't always prove its worth, but it ends the debate. Challenging it is like challenging the decision itself.
Over time, subtle changes occurred. Exceptions ceased to appear. Not because they disappeared, but because the reactions far exceeded human perception. The system doesn't provide exception paths, and the exceptions in Dusk aren't innocent; they are proprietary problems associated with specific names.
Therefore, behavior adjusts accordingly.
Inputs are pre-filtered. Decisions are made early. Timelines adapt to predetermined paths, rather than disrupting them. Things themselves remain unchanged, but everything around them changes.
This is the hidden power of Dusk.
Founded in 2018, Dusk assumes that regulation is permanent, not an obstacle to overcome. Its design embodies this reality: selective disclosure through zero-knowledge proofs, private settlements through verifiable compliance, and explicit finality that organizations can truly trust. Not complete transparency, nor blind secrecy, but controlled visibility.
Most blockchains reveal intent the instant value is transferred. In the real financial world, this is an operational risk. The Dusk platform views privacy as a data retention infrastructure because organizations don't abandon systems for ideological reasons, but rather when these systems create obligations.
This is what makes Dusk's implementation unique. It focuses on migration paths, validation incentives, settlement guarantees, and compliance foundations. This architecture isn't elegant, but it's crucial—it's an architecture that builds trust gradually.
Dusk doesn't demand trust; it uses mathematical principles instead, and execution to justify it.
Moreover, the smoother it operates, the harder it is to find a reason to change a solution that's already so perfectly implemented.
Therefore, the real question isn't whether Dusk prioritizes privacy or compliance, but whether the financial industry is ultimately ready to let mathematics solve the argument.
$DUSK

The Real Problem Dusk Solves
In the real-world financial system, failures rarely have catastrophic consequences; they are often elusive.
Ultimately, a settlement is likely.
A barely satisfactory report.
An unconvincing explanation.
@Dusk network exist in the delicate intersection of finance, compliance, and cryptography. Their core concept is simple yet extremely demanding: participants must be able to verify their actions without revealing all other information.
This is not privacy in the sense of secrecy, but privacy that minimizes information disclosure.

Privacy is verifiability, not obfuscation.
The Dusk architecture treats confidentiality as a fundamental constraint, not an add-on. It does not require users to "trust" an opaque system, but rather to verify their actions mathematically.
This approach is based on a tightly integrated cryptographic architecture:
PLONK is used for zero-knowledge proofs, maintaining verifiability even under stress.BLS12-381 is used for reliable aggregation and scalable verification.Poseidon hashes are used for zero-knowledge data commitments.JubJub + Schnorr signatures are used for clear, circuit-compliant authorization.
These elements together form a universal syntax that minimizes disputes about what actually happened.
Phoenix and Zedger: Optimized Confidential Financial Governance
#Dusk clearly separates tasks:
Phoenix handles confidential transactions and the execution of private smart contracts.
Zedger focuses on regulated assets, lifecycle rules, and compliance logic.
This is crucial because true finance is more than just the transfer of funds; it also involves inventory, constraints, counterparties, and intent, details that, if managed completely transparently, pose systemic risks.
Building a Trustworthy Endpoint for Institutions
Dusk refuses to blur the lines between transaction activity and settlement.
The system will not masquerade as any other state if it cannot be proven that a transaction has been ultimately completed.
This design choice, seemingly conservative, is crucial for the organization.
Potentially completed transactions are essentially useless.
Verifiable Architecture
Dusk's Rust-based architecture and its deterministic virtual machine are intentional constraints.
They are not designed to slow down developers, but to prevent ambiguous execution paths.
Less freedom.
Higher predictability.
Few unexplainable situations.
Based on a token economic model of waning interest
Initial Supply: 500 million DUSK
Maximum Supply: 1 billion within 36 years
Release Cycle: Decreasing geometrically every four years
This architecture rewards long-term investors, rather than focusing on short-term gains. Storage requirements also prioritize long-term commitment over ease of use.
What is Dusk's long-term significance?
Dusk does not pursue hype. Instead, it strives to build high credibility under rigorous scrutiny.
In the future, funding sources must be verifiable, confidential, and legally compliant; Dusk positions itself as infrastructure, not a platform.
Infrastructure doesn't need to attract attention; it earns trust quietly.
$DUSK

On September 25, Plasma’s mainnet beta went live alongside the launch of theirr native token, XPL, as the 8th largest blockchain by stablecoin liquidity.
$2B in stablecoins remain active on @Plasma from day one. Capital deployed across 100+ DeFi partners, including Aave, Ethena, Fluid, Euler and more. The goal is immediate utility: savings that preserve value, deep USD₮ markets, and the lowest USD₮ borrow rates in the industry.
At mainnet beta, Plasma has vault deposits so users can withdraw USD₮0. This marked the completion of plasma final launch phase. Plasma enable zero-fee USD₮ transfers for all users through its dashboard at app.plasma.to.
The Journey
From the beginning, Plasma was built alongside the community.
Early access to Plasma opened for everyone through Echo. The Stablecoin Collective was created as a forum for education and collaboration. A deposit campaign was ran on Plasma, where in just over 30 minutes more than $1B in stablecoin liquidity was committed to the vaults to earn the right to participate in XPL public sale. This public sale ran on Echo so ownership was widely distributed. It drew in $373M in commitments, far surpassing $XPL cap of $50M by a 7x multiple.
That foundation led to the partnership with Binance Earn. The first onchain USD₮ yield product was launched inside the most widely used crypto application. The $1B cap was reached quickly. It became the largest and most successful campaign in Binance Earn’s history.
This journey then led to mainnet beta, where the largest chain was launched, by day one stablecoin liquidity in history.
The Rails for Digital Dollars
Plasma’s mission is to become the foundation for global money movement. Mainnet beta is the next step in making that vision real. As stablecoin regulation matures worldwide, led by the US moving in a positive direction, Plasma is built for alignment from day one. We see a world where Plasma is used in daily life for payments, foreign exchange, card networks, on- and off-ramps, and more.
To facilitate this, mainnet beta introduced PlasmaBFT, which is a high-throughput consensus layer designed for stablecoin flows. At mainnet beta, users are able to move USD₮ with zero fees using authorization-based transfers. During rollout and stress testing, zero-fee transfers are limited to Plasma’s own products. Over time, zero-fee transfers could extend beyond this products. App builders can leverage a chain engineered for composability, speed, efficiency, and security. Plasma infrastructure is a first of its kind for a chain of Plasma’s scale.
Redefining how money moves is a distribution challenge. Money operates on network effects and networks are built on distribution. Reaching people who are excluded by legacy financial systems means going country by country, integrating deeply in local markets, and putting digital dollars directly in people’s hands. Plasma is built to support that distribution at global scale. The chain is connected to physical peer-to-peer cash networks, so digital dollars achieve merchant penetration, moving along the same channels that people already trust.
Own the System
XPL is the native token that powers #Plasma . 10% of the supply was sold to community members in the public sale. At the launch of mainnet beta, an additional 25 million XPL tokens was distributed to recognize smaller depositors who completed Sonar (by Echo) verification and participated in that sale. This keeps ownership broad and aligned.
2.5 million XPL are reserved for current and future members of the Stablecoin Collective. The Collective began as a forum to build familiarity with stablecoins. It has since grown into a community that educates, contributes, and helps drive stablecoin adoption. It plays an active role in getting USD₮ on Plasma into people’s hands and in supporting the broader ecosystem.
Together, these distributions reflect the core principles that participation should be broad, ownership should be shared, and contributors should be recognized. Beyond distribution, the Plasma network is secured by XPL. The token aligns incentives for validators, and ensures that ownership of the system sits with the people who use it and build on it.
For the public sale, XPL will be distributed at mainnet beta launch to non-US participants. For US participants, distribution will occur on July 28, 2026, 12 months after the public sale concluded, in line with applicable laws.
The Trillion-Dollar Opportunity
Stablecoins are the most significant financial innovation since the creation of money. In emerging markets they are unwinding decades of friction by preserving purchasing power overnight, compressing remittances from weeks to minutes, and enabling small businesses to accept payments without gatekeepers. Hundreds of millions of people already rely on digital dollars as the only way to save, pay, and plan.
Plasma is building a new global financial system for everyone, everywhere. Mainnet beta and XPL are the next steps toward that vision. The rails are delivered for global money movement, with the distribution that turns onchain dollars into everyday money.
Stablecoins are Money 2.0. Plasma is how they get into the hands of everyone.

While crypto chases speculative narratives, Dusk Network focuses on long term development: building a regulatory, compliant enterprise financing infrastructure on the blockchain.

Core Concept: Auditable Privacy
Dusk's core innovation lies not only in privacy but also in selective disclosure.
In the crypto space, privacy is often used as a marketing slogan or a legal hurdle. The key is not privacy itself, but verification.
This balance is crucial for regulated markets. Dusk's implementation includes:
Predefined confidential transactions, using zero-knowledge proofs.Regulatory and auditable access, accessing specific data when legally required.Providing regulatory pathways for physical assets and securities.
Market Positioning: The Right Time for Institutional Transformation
Dusk focused on this early on, but the market eventually followed suit. Regulated tokenized assets and decentralized finance (DeFi) have become key development areas, especially in Europe, with frameworks such as distributed ledger technology (DLT) experimental systems emerging.
Key Ecosystem Achievements:
Mainnet Operation, employing confidential smart contracts.Strategic Partnership with NPEX, the Dutch tokenized securities exchange.DuskEVM, Compatible with the Solidity language, allowing developers to leverage existing tools.Citadel, A private and verified shared knowledge-free KYC layer.
DUSK Token: Coordinating Network Incentive Mechanism
The total supply of $DUSK tokens is capped at 1 billion, designed to ensure long-term network security and user participation.
Circulating Supply, Approximately 500 million tokens.Issuance Schedule, A 36-year geometric decay mechanism to reward participants and validators.Utility: Secures the network, processes transactions, and manages protocol development.
Importance of this Architecture
Dusk is not competing with giants in the open decentralized finance (DeFi) space. Conversely, it creates a crucial space between public transparency and complete privacy.
Real-world use case
A platform for issuing tokenized private credit.
Investor privacy is protected.Transaction limits are enforced on the blockchain.Regulators can audit fund flows without accessing all users' records.
This is an infrastructure designed according to how the financial industry actually operates, providing legally binding rules and privacy protections when needed.
Future Development Path and Risks
Adoption of Dusk Network in the regulated financial sector will be a slow and cautious process. Success depends on the continued development of the following aspects:
Regulatory approval of the selective disclosure model.Launch of actual products with partners such as NPEX.Ecosystem development around developer tools, such as the W3sper SDK for integration.
Competition from Ethereum Layer 2 networks is fierce, but Dusk Network's design based on core compliance principles gives it a unique and defensible advantage.
Conclusion: Following the Rules
Dusk Network doesn't position itself as an island, but rather as one of the few projects deliberately built to comply with existing financial regulations.
It's one of the few projects that deliberately follows European market regulatory practices rather than the communication methods preferred by the crypto space.
In the wave of blockchain technology adoption, a blockchain that can provide audit, privacy, and compliance solutions within a single architecture is not only attractive but also crucial. Dusk is quietly building this foundational layer.
@Dusk #Dusk

In a market saturated with multi-chain concepts, Plasma stands out with its focused essence. It's not a general-purpose Layer 1 network, but a professional settlement network designed for efficient, reliable, and large-scale stablecoin transfers.
Launch: Core First
Plasma officially launches at the end of 2025 and boasts outstanding core features:
Over $2 billion in stablecoin liquidity on launch day.Integrated with over 100 decentralized finance platforms, including Aave and Chainlink.Its native token, $XPL , is listed on Binance, ensuring instant access for users.
This is not a speculative project, but a mature and reliable payment system ready for immediate deployment.
Architectural Advantages: Focus as the Core
While other blockchains expand their reach, Plasma maintains its limitations. This precise focus is precisely its strategic advantage:
Reduces systemic risk, enhancing reliability.Strengthens clear accountability mechanisms within the network.Optimizes overall infrastructure, ensuring the predictability of stablecoin settlements.
Scope is based on risk-based decisions. Plasma's limitations make its safeguards more reliable.
Solving Real-World Problems
Plasma directly addresses the shortcomings in stablecoin usability:
Achieves zero USDT transfers at the protocol level through a custodial payment manager.Fast and finalized, settlements take only seconds, not potentially minutes.A stablecoin-centric user experience, reducing reliance on volatile Gas tokens.
XPL Token: Service Engine
The XPL token is designed to serve the network:
Secures the chain through validator staking.Supports governance and USDT-independent transactions.Incentivizes network growth and stability.
EVM Compatibility: A Strategic Bridge
Plasma doesn't prioritize EVM compatibility as an end goal, but rather as a developer gateway. It allows teams to build using existing tools while the chain itself provides a new and improved stablecoin user experience.
The Ultimate Goal
Plasma's concept is simple: as stablecoins become the primary means of on-chain value transfer, custom-designed settlement layers will outperform public settlement layers. Plasma's goal isn't to please everyone. It aims to make stablecoin payments a reliable everyday payment method globally.
Amidst various speculative trends, Plasma focuses on practical applications. This is a low-key bet on the future of cryptocurrency infrastructure.
The Road Ahead: Challenges and Infrastructure Bets
The Plasma project has not been without its challenges. It remains experimental, its tools are still under development, and its native ecosystem is still in its infancy compared to mature blockchains. Its success hinges on execution. With stablecoin market capitalization exceeding $300 billion and continuing to grow, Plasma represents a focused bet on the future: a future where professional and trustworthy payment pipelines will be key global infrastructure.
Plasma: A Quiet Evolution
Sometimes, the most important changes are not the most eye-catching. Plasma is noteworthy not because it may generate media buzz, but because it is committed to creating a seamless, reliable, and convenient blockchain payment experience.
In the realm of financial infrastructure, simplicity is often the highest praise.
Plasma integrates its technology, token economics, and philosophy around a single goal, efficiently settling stablecoins, paving the way for the next wave of digital currency adoption: a wave driven not by volatility, but by stable and usable value transfers facilitating global trade.
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