Binance has introduced a new investment product - the Plasma USDT Locked Product, which offers daily USDT rewards and a chance to participate in the distribution of XPL tokens.
Plasma USDT Locked Product
The Plasma USDT Locked Product provides investors with daily USDT rewards and access to a special distribution of Plasma's token - XPL. Binance noted that interest in the new offering surged rapidly, with the initial subscription cap of 250 million USDT filling up soon after launch.
XPL Token Airdrop
The campaign includes an allocation of 100 million XPL tokens—equivalent to 1% of Plasma's total supply—to be distributed to participants following the token generation event (TGE). While Binance has not yet announced a specific date for the TGE, it confirmed the overwhelming demand for the first phase.
Growing Interest in On-Chain Yields
The Plasma USDT Locked Product marks Binance's latest move to expand on-chain yield options for users, combining blockchain-native returns within its existing ecosystem. The exchange highlighted that these products are designed for users seeking stable returns alongside exposure to emerging blockchain projects.
With the TGE still ahead, investors are watching closely to see if Plasma can deliver on its promise of scalable, cost-efficient infrastructure, and whether the XPL airdrop becomes one of the most in-demand token launches in 2025.
