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 move comes ahead of the token’s spot trading debut on September 25, 2025, giving eligible BNB holders early access to XPL rewards.
Plasma Joins Binance HODLer Airdrops Amid XPL Listing Plans
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The Binance exchange’s HODLer Airdrops program rewards long-term BNB holders retroactively. Users do not need to take additional actions after subscription.
Based on this, Binance users who subscribed their BNB to Simple Earn (Flexible and Locked) or On-Chain Yields between September 10 and 13 are eligible for Plasma’s HODLer Airdrops.
Key highlights in the announcement include a reward pool of 75 million XPL (0.75% of the total supply). This will be distributed to spot accounts at least an hour before trading commences.
Further, up to 50 million XPL in marketing allocations are available after listing. There is also an additional 150 million XPL six months later.
Plasma is an EVM-compatible L1 blockchain designed for high-volume, low-cost stablecoin transactions.
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Positioned as a payments-focused network, it enters a crowded field of Layer-1 blockchains competing for transaction throughput and adoption by issuers of digital dollars and other stable assets.
According to the announcement, Plasma will have a genesis supply of 10 billion tokens. On day one, 1.8 billion XPL (18%) will also be circulating.
The token follows an inflationary model, with 5% of supply slated for release in year one, gradually declining by 0.5% annually until stabilizing at a 3% floor.
The announcement also revealed Binance’s plans to list Plasma’s XPL token for spot trading, starting September 25 at 13:00 UTC.
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“[Token pairs to be supported include] XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY,” Binance stated.
However, deposits for XPL and USDT will go live today, September 24, while withdrawals will be enabled after trading begins.
Plasma’s USDT Integration Highlights Binance’s Stablecoin Strategy, But Sustainability Questions Linger
Binance also indicated an openness to directly supporting USDT deposits and withdrawals on the Plasma Network. Given Plasma’s stablecoin-centric focus, this represents a significant integration.
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Plasma will initially appear on Binance Alpha, the exchange’s pre-listing pool, but will be delisted once spot markets go live.
Binance’s decision to spotlight Plasma reflects the exchange’s continued push into stablecoin infrastructure. The sector continues to draw regulatory and institutional focus under frameworks like Europe’s MiCA (Markets in Crypto Assets).
By supporting listing and USDT integration on Plasma, Binance is effectively looking toward payment-focused blockchains capturing the next wave of settlement flows.
However, XPL’s inflationary supply model and heavy reliance on marketing campaigns also present risks.
With 200 million tokens allocated for promotions in the first six months, Plasma’s biggest challenge will be sustaining demand beyond exchange-driven liquidity.
