Binance announced that the Plasma USDT lock-up position limit has been raised to 50,000 USDT, and existing subscribers can continue to increase their investment.
The subscription limit for the financial management on Binance Smart Chain in cooperation with Plasma has been raised to 50,000 USDT. (Background: Plasma's USDT limit was increased to 1 billion, with 250 million sold out in 5 minutes.) (Supplementary background: Reviewing the 7 major stablecoin dedicated chains: Plasma, Stable, Tempo... opening new battlefields for payment.) Binance announces that the user subscription limit for the Plasma USDT lock-up product has been raised to 50,000 USDT, and existing subscriptions are not affected. Users who have invested 10,000 USDT can now continue to increase their investment up to the limit. Many users are targeting the XPL airdrop from Plasma. Currently, the total reward for XPL on Binance is 100 million, with a USDT subscription limit of 250 million, but previous stage subscribers had a higher allocation for the XPL airdrop. Now that the subscription limit has been raised, future subscriptions will have lower weight for receiving airdrops. From a cash flow perspective, the limit increase could attract off-market USD and idle stablecoins back into yield-generating products, also increasing the desire for users holding other crypto assets to lend out USDT. Related reports: The evolution of the monetary system: from gold to stablecoins. Tether announces the issuance of USDT on the Bitcoin RGB protocol, truly integrating stablecoins into the BTC ecosystem. <Binance announces that the Plasma USDT lock-up limit is raised to 50,000 USDT, existing subscribers can continue to increase their investment> This article was first published in BlockTempo, the most influential blockchain news media.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Binance announced that the Plasma USDT lock-up position limit has been raised to 50,000 USDT, and existing subscribers can continue to increase their investment.
The subscription limit for the financial management on Binance Smart Chain in cooperation with Plasma has been raised to 50,000 USDT. (Background: Plasma's USDT limit was increased to 1 billion, with 250 million sold out in 5 minutes.) (Supplementary background: Reviewing the 7 major stablecoin dedicated chains: Plasma, Stable, Tempo... opening new battlefields for payment.) Binance announces that the user subscription limit for the Plasma USDT lock-up product has been raised to 50,000 USDT, and existing subscriptions are not affected. Users who have invested 10,000 USDT can now continue to increase their investment up to the limit. Many users are targeting the XPL airdrop from Plasma. Currently, the total reward for XPL on Binance is 100 million, with a USDT subscription limit of 250 million, but previous stage subscribers had a higher allocation for the XPL airdrop. Now that the subscription limit has been raised, future subscriptions will have lower weight for receiving airdrops. From a cash flow perspective, the limit increase could attract off-market USD and idle stablecoins back into yield-generating products, also increasing the desire for users holding other crypto assets to lend out USDT. Related reports: The evolution of the monetary system: from gold to stablecoins. Tether announces the issuance of USDT on the Bitcoin RGB protocol, truly integrating stablecoins into the BTC ecosystem. <Binance announces that the Plasma USDT lock-up limit is raised to 50,000 USDT, existing subscribers can continue to increase their investment> This article was first published in BlockTempo, the most influential blockchain news media.