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What To Know Before Plasma's Stablecoins L1 Goes Live Soon

What To Know Before Plasma's Stablecoins L1 Goes Live Soon

Founder Paul Faecks shares the vision and plan for Plasma DeFi

DeFi Dad & Nomatic
September 17, 2025

Just yesterday, Maple Finance launched a new syrupUSDT vault which will earn syrupUSDT interest and XPL rewards, after XPL TGE.

$200M TVL fully subscribed in less than one minute!

The @PlasmaFDN syrupUSDT Vault has been fully subscribed in under one minute.
A total of $200M USDT TVL will now be earning syrupUSDT interest, Drips rewards and XPL rewards (Post TGE).
Trillions.
— Maple (@maplefinance)
1:01 PM • Sep 16, 2025

Stablecoins have notably become the killer app gone mainstream for crypto, powering payments, remittances, onchain savings, and other common DeFi use cases.

But as demand grows, new chains with “optimized infrastructure for stablecoins” are vying to capture that liquidity, Plasma being one of the most well known attempts so far. Designed as a stablecoin-first Layer 1, Plasma promises deep USD₮ liquidity, partnerships with names like Aave, Curve, and Binance Earn, and the infrastructure for yield-bearing stablecoins from projects such as Ethena. With a mainnet launch slated for late September and claims of $2B+ liquidity committed on day one, the big question is whether Plasma can evolve beyond payments into a thriving DeFi hub.

In this week’s episode of The Edge Podcast, we dig into what’s real, what’s hype, and what DeFi users should watch for when Plasma goes live.

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