Plasma to Launch Mainnet Beta Blockchain for Stablecoins Next Week

Plasma, a new blockchain built specifically for stablecoins, is set to flip the switch on its long-awaited mainnet beta next week, introducing the chain and its native token, XPL, on Sept. 25. According to a blog post from the team, the network will debut with more than $2 billion in stablecoin liquidity from over a hundred partners on day one — an aggressive attempt to position Plasma not as just another general-purpose chain, but as the backbone for stablecoin transfers. That won’t be an easy feat. Ethereum and Solana already dominate stablecoin volumes, while newer chains continue to optimize for similar flows. Plasma’s bet is that its architecture, dubbed PlasmaBFT, will give it an edge. The system is designed for fast, composable stablecoin transactions the team said, and from launch, users will be able to move USDT with zero fees through Plasma’s dashboard — a feature the team hopes will stand out in a crowded DeFi landscape. Token distribution is also aimed at broad accessibility. Prior to launch, 10% of XPL was sold in a public offering. At launch, 25…