Plasma’s XPL Surges Amid Stablecoin Growth—Yet 2026 Token Unlocks Cast a Shadow

After the mainnet beta for Plasma launched on September 25, 2025, the XPL token jumped by 52%, signaling a significant achievement for this blockchain designed for stablecoins Plasma Mainnet Beta and XPL [ 1 ]. The platform went live with $2 billion in stablecoin assets, featuring integrations with DeFi platforms such as

, , and Euler, making it the eighth-largest blockchain in terms of stablecoin reserves Plasma Mainnet Beta and XPL [ 1 ]. Users can now transfer USD₮ without any fees, thanks to Plasma’s PlasmaBFT consensus, allowing cost-free stablecoin transactions Plasma Mainnet Beta and XPL [ 1 ]. The XPL token’s price climbed from just over $1 at launch to a high of $1.16 within a few hours, fueled by both speculative interest and institutional involvement Plasma TVL Erupts After Mainnet: XPL Price Prediction For Q4 [ 2 ].

XPL’s distribution model emphasizes broad participation. Additionally, 25 million tokens were distributed via airdrop to verified depositors, and 2.5 million were set aside for the Stablecoin Collective community Plasma Mainnet Beta and XPL [ 1 ]. Early large-scale investors contributed to price swings: one participant invested $50 million in

acquiring 54.09 million XPL valued at $50.4 million at launch, resulting in an unrealized gain of $47.7 million Plasma TVL Erupts After Mainnet: XPL Price Prediction For Q4 [ 2 ]. The initial circulating supply was 1.8 billion, with a further increase expected in 2026 when 2.5 billion tokens allocated to U.S. users become available on July 28, 2026 Plasma Mainnet Beta and XPL [ 1 ].

Plasma’s emphasis on stablecoins is in step with the rising global need for efficient digital dollar systems. The network’s no-fee transfers and high throughput are designed to support international payments, remittances, and on-chain trading Plasma Mainnet Beta and XPL [ 1 ]. Collaborations with Binance Earn and Bitfinex, along with a $1 billion TVL from launch, highlight its ambitions to challenge

and , which currently dominate stablecoin activity Plasma XPL Token 2025: Stablecoin-Optimized Blockchain … [ 4 ]. Experts also note the project’s alignment with regulatory developments, especially the U.S. “Genius Act,” which formally recognizes stablecoins as legal tender.

Market experts are cautiously optimistic about XPL’s price outlook. Some foresee the token reaching $3–$5, driven by speculation and large investor interest Plasma TVL Erupts After Mainnet: XPL Price Prediction For Q4 [ 2 ], while others warn that the 2026 token unlocks could put downward pressure on prices. With a current fully diluted valuation of $10 billion, XPL’s future growth will depend on Plasma’s ability to expand its stablecoin offerings and attract more institutional users Plasma TVL Erupts After Mainnet: XPL Price Prediction For Q4 [ 2 ].

Looking ahead, Plasma plans to introduce “Plasma One,” a neobank built for stablecoins and aimed at markets such as the Middle East, as well as connect with real-world peer-to-peer cash networks to encourage merchant use Plasma Mainnet Beta and XPL [ 1 ]. By focusing on scalability and affordable transactions, Plasma aims to compete in a sector where stablecoins already process over $22 trillion in annual on-chain transactions Plasma XPL Token 2025: Stablecoin-Optimized Blockchain … [ 4 ]. Nonetheless, the project still faces hurdles in achieving lasting adoption beyond initial liquidity and in addressing regulatory challenges.