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Binance announced that it began distributing XPL airdrop rewards to Plasma USDT Locked Product users on September 25, 2025.
According to Binance's notice, the XPL distribution is linked to Plasma’s Token Generation Event (TGE) and its Plasma USDT Locked Product on On-Chain Yields. The notice outlines how rewards are earned and delivered to eligible users’ Spot Accounts. Users are encouraged to "stay subscribed" as Binance prepares an upgrade path, positioning the distribution as both a conclusion of the initial campaign and a transition to the next phase. Operationally, On-Chain Yields aggregates third-party protocol access under a single Binance flow, expanding options for savers without adding regulatory mandates or public subsidies.
The release specifies that 100,000,000 XPL (1% of total supply) is allocated for distribution. This amount is calculated from multiple daily snapshots of user USDT balances over a 36-day window from August 20, 2025, to September 24, 2025, with a T+1 convention for accrual and redemption effects. Airdrops commenced on September 25, 2025, directly to Spot Accounts. Users can verify receipts via Assets → Overview → History → Distribution or the Airdrop page. The notice confirms that early redemption does not claw back accrued USDT rewards and that XPL amounts are fixed by historical snapshots once the period ends.
