Plasma has partnered with Binance Earn to launch the first fully onchain USD₮ yield product available through the Binance platform. This is a pivotal moment as stablecoin infrastructure transcends from early adoption and reaches hundreds of millions through the world’s largest USD₮ venue.
The Power of Binance Earn
Binance Earn operates within a platform that is home to more than 280 million users and over $30B in USD₮, representing the largest and most liquid dollar market in digital assets. Every day, Binance moves billions of dollars through banks, peer-to-peer payment channels, physical cash shops, and other critical payment networks worldwide. Partnering with Binance Earn is essential to our vision of making global financial payments universally accessible.
Binance is larger than crypto itself; for many, it serves as their financial lifeline. People use the exchange to send money to their families, pay for essential services, and secure the goods they need to survive. For those excluded from banks and formal payment systems, Binance is a vital channel to store value and move money with security.
In practical terms, Binance is the most significant payments company in crypto and one of the largest in the world. Plasma’s mission is to build secure and scalable rails for stablecoins globally and there is no more important distribution channel than Binance.
This campaign places Plasma’s onchain USD₮ yield directly into the environment where hundreds of millions already use to allocate assets. There is no new account to create and no unfamiliar interface to navigate. After a person subscribes USD₮ through Binance Earn, their capital will run on Plasma’s audited, institutionally engineered lending rails. The transition is seamless and the market impact is immeasurable.
Campaign Details
Program: Plasma USDT Locked Product on Binance Earn
Accepted Asset: USD₮.
Per-User Cap: Allocations are available on a first-come, first-served basis. Subscription limits and other product parameters apply. Please refer directly to Binance’s Plasma USDT Locked Product subscription page and announcement for more information.
XPL Incentives: 1% of total supply (100,000,000 XPL).
Start: Wednesday, August 20, 8:00 AM ET.
End: Until XPL’s Token Generation Event (TGE), or the USD₮ yield product through Binance Earn reaches its deposit cap. Participants' XPL rewards will be distributed after the XPL’s TGE.
Beyond the Campaign
When the campaign concludes, the USD₮ onchain yield product will remain available through Binance Earn. Per-user subscription limits only apply during the campaign period (see product page for details and updates beyond). All flows will continue to settle transparently on Plasma.
Bringing Onchain Yields to Everyone
Distribution is the ultimate bottleneck in bringing onchain finance to the world. The most advanced rails have no impact without direct access to the largest pools of people and capital. Binance Earn’s reach cannot be overstated, and for Plasma, this is a profound opportunity to deliver this onchain yield product into the hands of hundreds of millions of people.
By connecting Plasma’s onchain yield product to Binance Earn, this campaign merges the most trusted environment in crypto with infrastructure built for transparency, security, and scale. There has never before been a way to unlock the full potential of stablecoins, for a global audience at unprecedented scale.
Plasma builds the rails. Binance Earn brings the audience. Together, Plasma and Binance will bring the next billion people onchain.
Guides and Related Materials:
Disclaimer
This announcement is for informational purposes only and is not, and is not intended to be, an offer or sale of securities or the XPL tokens. Any offer or sale of the XPL Tokens will only be done subject to the applicable terms and conditions, which will be available upon the opening of the deposit period, and pursuant to definitive offering documents, which will be available upon the closing of the deposit period for those participants who have proven their eligibility via Sonar by Echo. Sonar provides infrastructure services to Plasma only and does not conduct any offer or sale of the XPL Tokens.
We do not consider the offer or sale of the XPL tokens to be securities transactions but due to the lack of clarity of applicability of the securities laws in the United States and foreign jurisdictions, only those participants who have proven their eligibility via Sonar by Echo will be considered as eligible participants. XPL Tokens have not been registered under the U.S. Securities Act of 1933 or any state securities laws and are being offered in reliance on exemptions from registration. As such, they are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable laws.
The Plasma website and the information contained herein are for informational purposes only. Information contained herein contains “forward-looking statements” that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance and are not statements of historical facts. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Neither Chain Technologies Research nor Plasma Foundation can provide any guarantee or certainty with respect to any forward-looking statement.
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