Plasma, a new blockchain built specifically for Stablecoins, is defined to return the switch to his long -awaited Beta Mainnet next week, presenting the chain and his native token, XPL, September 25.
According to a team’s blog article, the network will make its debut with more than $ 2 billion in stablecoin liquidity of more than a hundred partners on the first day – an aggressive attempt to position plasma not only as another channel for general use, but as the backbone of stablecoin transfers.
It will not be an easy feat. Ethereum and Solana already dominate the volumes of Stablecoin, while the more recent chains continue to optimize for similar flows. The plasma bet is that its architecture, nicknamed Plasmabft, will give it an advantage. The system is designed for rapid and composable Stablecoin transactions that have said that the team has declared, and since the launch, users will be able to move USDT with zero costs via plasma dashboard – a feature that the team’s hope will stand out in a crowded deffi landscape.
The distribution of tokens also aims at wide accessibility. Before the launch, 10% of XPL was sold in a public offer. During the launch, 25 million tokens will be allocated to the community, with an additional 2.5 million reserved for members of the so-called Collective Stablecoin.
The support of the project is heavyweights of the worlds of crypto and venture capital: the $ 24 million in seeds and series financing was led by Framework Ventures, with the participation of Bitfinex, Peter Thiel and the CEO of Tether Paolo Ardoino, among others.
“Plasma’s mission is to become the basis of the world money movement. Mainnet Beta is the next step to make this vision real,” wrote the team.
Read more: the plasma supported by Peter Thiel increases $ 20 million to develop a Bitcoin -based network for stablescoins
