{"id":43194,"date":"2025-08-20T15:31:40","date_gmt":"2025-08-20T15:31:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43194"},"modified":"2025-08-20T15:31:40","modified_gmt":"2025-08-20T15:31:40","slug":"plasmas-250m-usdt-yield-program-on-binance-filled-in-less-than-an-hour","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43194","title":{"rendered":"Plasma’s $250M USDT Yield Program on Binance Filled in Less Than an Hour"},"content":{"rendered":"
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Stablecoin-focused blockchain startup Plasma’s new on-chain yield program with crypto exchange Binance attracted<\/a> $250 million in deposits on Wednesday, reaching the facility’s limit in less than an hour.<\/p>\n

Crypto investors flocked to the offering to get their hands on the hyped-up chain’s native token XPL being offered as rewards.<\/p>\n

The offering<\/a>, called the Plasma USDT Locked Product, was opened on Wednesday at 12:00 UTC on Binance Earn, allowing users to deposit USDT to get daily USDT rewards. Alongside the yield, participants will share in a 100 million XPL token airdrop, equivalent to 1% of total supply, after the protocol\u2019s token generation event.<\/p>\n

The facility was capped at $250 million USDT and operates on a first-come, first-served basis. Binance said it will track user balances through daily snapshots to distribute USDT rewards and XPL allocations.<\/p>\n

The cap may be raised, Plasma said in an X post<\/a>.<\/p>\n

Plasma is one of the hyped<\/a> stablecoin-focused chains, offering fee-free USDT transfers. The project is backed<\/a> by investors including Peter Thiel, Tether CEO Paolo Ardoino, Framework Ventures, and raised $373 million<\/a> in an oversubscribed public token sale. It also attracted<\/a> $1 billion in USDT deposits in June.<\/p>\n

Read more: Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Stablecoin-focused blockchain startup Plasma’s new on-chain yield program with crypto exchange Binance attracted $250 million in deposits on Wednesday, reaching the facility’s limit in less than an hour. Crypto investors flocked to the offering to get their hands on the hyped-up chain’s native token XPL being offered as rewards. The offering, called the Plasma USDT […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43194","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43194"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43194\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}