Binance has added Plasma (XPL), a new Layer-1 (L1) blockchain optimized for global Stablecoin Payments, as the 44th project on the Hodler Airdrops page.
The move comes ahead of the token spot trading debut on September 25th, 2025, providing early access to XPL rewards to eligible BNB owners.
Plasma will join Binance Hodler Airdrops in the XPL List Plan
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Binance Exchange’s Hodler Airdrops program retroactively rewards long-term BNB holders. Users do not need to perform any additional actions after subscription.
Based on this, Binance users who subscribe to easily earn BNB (flexibly locked) or Simple Acquisition (flexibly locked) on the chain between September 10th and 13th will be eligible for Plasma’s Hodler Airdrops.
Key highlights of the announcement include a 75 million XPL reward pool (0.75% of total supply). This will be distributed to your Spot Account at least an hour before the transaction begins.
Additionally, up to 50 million XPLs are available for marketing allocation after listing. In six months, we’ll have another 150 million XPL.
Plasma is an EVM-compatible L1 blockchain designed for large quantities of low-cost stability transactions.
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Positioned as a payment-focused network, it enters a crowded field of Layer-1 blockchain that competes for transaction throughput and adoption by issuers of digital dollars and other stable assets.
According to the announcement, Plasma has 10 billion tokens of Genesis. On the first day, 1.8 billion XPL (18%) will be distributed.
The tokens are expected to release 5% of the supply in year 1, following the inflation model, and will be down 0.5% per year until it stabilizes on a 3% floor.
The announcement also revealed Binance’s plans to list Plasma’s XPL tokens for spot deals starting at 13:00 UTC on September 25th.
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“(Includes supported token pairs) XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY,” Binance said.
However, XPL and USDT deposits will be made public today, September 24th, but withdrawals will be effective after trading begins.
Plasma’s USDT integration highlights Binance’s Stablecoin strategy, but sustainability questions remain
Binance also showed that it directly supports USDT deposits and supports withdrawal in the plasma network. Given the Plasma’s Stablecoin-centric focus, this represents a significant integration.
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Plasma will initially appear in Binance Alpha, a listing pool, before being replaced, but will be delisted once the spot market is made public.
Binance’s decision to spotlight plasma reflects Exchange’s continuous push towards its Stablecoin infrastructure. The sector continues to attract regulatory and institutional focus under frameworks like the European MICA (Cryptocurrency Market).
By supporting listing and USDT integration in plasma, Binance effectively aims to be a payment-centric blockchain that captures the next settlement flow.
However, the high reliance on XPL’s inflation supply model and marketing campaigns also poses risks.
With 200 million tokens allocated to promotions over the first six months, the biggest challenge for plasma is to maintain demand beyond exchange-driven liquidity.
