Plasma, a Bitcoin sidechain project focused on stablecoins, plans to launch its mainnet in the late summer of 2025 According to Decrypt, Plasma, a Bitcoin sidechain project focused on stablecoins, plans to launch its mainnet in the late summer of 2025, with a focus on being the "number one stablecoin chain". The public pre-sale of its XPL token will be launched at least 40 days in advance, and a deposit of $1 billion has been raised so far. Plasma emphasizes optimizing the stablecoin transfer experience, including gas free transactions, and has attracted support from PayPal co-founder Peter Thiel and others. The chain is EVM compatible and will focus on stablecoin payments, without involving ecosystems such as meme coins or RWA.