Binance has announced that it will quadruple the total subscription limit for its Plasma USDT Locked Product to 1 billion USDT. This decision follows the initial cap selling out within an hour, as detailed in a press release from the company.
The Plasma USDT Locked Product is part of Binance Earn’s On-Chain Yields initiative. It offers users the opportunity to lock their USDT for fixed-term returns, along with an airdrop of XPL tokens after the Token Generation Event. According to Binance’s official announcement, the platform simplifies on-chain operations, making participation more accessible for users. The product aims to combine stable daily USDT income with potential benefits from the Plasma protocol’s token rewards.
Binance initially set the subscription cap at 250 million USDT, which was fully subscribed within one hour. This strong demand led to what Binance described as an “overwhelming response,” prompting a reassessment of its allocation strategy to enable broader participation.
In response, Binance opened a second subscription batch—also capped at 250 million USDT—on August 22, 2025, at 09:00 UTC. The firm emphasized that the total subscription limit will reach 1 billion USDT in phased batches to ensure fairness and operational sustainability. While expanding the total pool may affect XPL (post-TGE) reward distribution, daily USDT rewards per user will remain constant.
Binance is recognized as the world’s largest cryptocurrency exchange by both user count and trading volume, serving over 270 million users across more than 180 countries. According to CoinMarketCap, it handles over $217 billion in daily volume across spot and futures markets. The platform provides a comprehensive ecosystem of services including Binance Exchange, Wallet, Earn, Pay, Academy, Research, among others.
