XPL Jumps 58% as Plasma Mainnet Launches with Tether
XPL Jumps 58% as Plasma Mainnet Launches with Tether
On September 25, 2025, the Plasma mainnet, supported by Tether, became active. This caused the native token, XPL, to dramatically increase in value. In the span of just over a day, XPL increased by 52-58%. This attracted both retail traders and institutional investors.
What Just Happened
With the launch of Plasma’s mainnet, the platform became fully functional and began supporting stablecoins and integrating with top players in DeFi.
Tether has been at the forefront and has minted USDT0 and XAUT0 tokens on the Plasma chain. Besides Tether, Plasma has also partnered with Binance, Aave, and Chainlink.
Together, these collaborations helped in the creation of liquidity, yield generation, and the necessary infrastructure. Plasma USDT was listed in Binance Earn (via Aave), and Plasma integrated Chainlink’s data feeds, Data Streams, and CCIP.
More News: Flare and Enosys Launch First XRP-Backed Stablecoin
Price and Market Impact
With the launch of Plasma’s mainnet, the platform entered fully operational phase, supporting stablecoins natively, and partnering with major players in decentralized finance (DeFi) including Tether, with whom Plasma integrated first and subsequently received USDT0 and XAUT0 tokens on the Plasma chain.
On launch, XPL’s price increased from the then value of $0.74-$0.83, to the value around $1.26-$1.42. That’s a remarkable price increment and the trading volume in the Plasma chain increased significantly, with some sources reporting volume increase to 18,000% within a day.
The Total Value Locked (TVL) in stablecoins on networks supporting Plasma increased significantly, with estimates suggesting $2-$2.05 billion in stablecoin assets, and $2-2.05 billion TVL, coming immediately after the mainnet went live.
Risks Associated
Speculative buying is often driven by major token launches. These launches can lead to price increases that aren’t justifiable. When the initial excitement wears off, prices can fall sharply due to profit-taking by early investors.
Increased trading volume can lead to large price swings in the absence of major liquidity on the exchanges. A rapid drop in Total Value Locked within an ecosystem can create a lack of confidence.
Stablecoins can be put under tighter regulation, and because Plasma is a stablecoin-first network tightly integrated with Tether, it can be expected to be regulated as well. Any action regarding compliance or the law, with regard to Tether or Plasma, will be negative for the price of XPL.
Future Outlook
Some forecasts indicate XPL may reach $1.50-$2.00 in the weeks to come, given the continued growth of TVL, consistent trading volumes, and additional ecosystem integrations.
Yet, in crypto, it is always the case of ‘wait and see’. After the launch, it is about sustaining momentum, providing utility, and managing risks to determine whether this increase is fleeting or the beginning of something more significant.
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