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Binance has announced the launch of the Plasma USDT Locked Product through On-Chain Yields, offering daily USDT rewards and a post-Token Generation Event (TGE) XPL airdrop for users who lock their USDT.
According to Binance's official announcement, the Plasma USDT Locked Product is part of Binance Earn’s On‑Chain Yields. It enables users to earn both daily USDT income and participate in a future XPL airdrop tied to Plasma’s upcoming Token Generation Event. The product employs a snapshot-based calculation—similar to the HODLer Airdrop method—to determine XPL reward allocations based on users’ historical average holdings. This dual-incentive structure is designed to attract stablecoin holders by blending immediate yield with long-term token exposure.
The product launched on August 20, 2025, at 12:00 UTC and included a total subscription cap of 250,000,000 USDT, allocated on a first-come, first-served basis. As cited by Binance, users stand to share in 100,000,000 XPL tokens—which represent 1% of the total XPL supply—based on their contribution to the total locked USDT pool over time. The daily snapshots of user balances ensure that even early redemption does not affect previously recorded snapshot data, preserving users' share in XPL rewards.
