Binance has introduced a new investment product under its Simple Earn On-Chain Yields line, giving users a chance to earn stable returns while participating in a major token airdrop.
The offering, called the Plasma USDT Locked Product, provides daily USDT rewards and access to a special distribution of Plasma’s native token, XPL.
According to Binance, interest in the new product surged immediately, with the initial subscription cap of 250 million USDT filling up shortly after launch. The exchange said the campaign is designed to combine on-chain strategies with the simplicity of a centralized exchange experience, offering investors an easier way to tap into blockchain-based yields.
100 Million XPL Tokens Set Aside for Airdrop
The campaign includes an allocation of 100 million XPL tokens—equivalent to 1% of Plasma’s total supply—which will be distributed to participants following the project’s token generation event (TGE). While Binance has not yet revealed a firm date for the TGE, it confirmed that demand for the first phase has been overwhelming.
Plasma, backed by Bitfinex, is building a stablecoin-focused Layer 1 blockchain designed to handle high transaction volumes with minimal fees. The platform’s goal is to create scalable infrastructure for the transfer of dollar-based digital assets, putting it in direct competition with other payment-focused chains.
Growing Interest in On-Chain Yields
The Plasma USDT Locked Product marks Binance’s latest move to expand on-chain yield options for users, packaging blockchain-native returns within its existing ecosystem. The exchange emphasized that these products are tailored for users seeking stable returns paired with exposure to emerging blockchain projects.
With the TGE still ahead, investors are closely watching whether 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 of 2025.
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Source: https://coindoo.com/binance-unveils-new-product-investors-line-up-for-massive-airdrop/