Binance Earn Launches Plasma USDT Locked Product With Dual Rewards

Binance has announced the launch of the Plasma USDT Locked Product under its On-Chain Yields platform. Starting today at 12:00 (UTC), users can subscribe their USDT for a limited time to earn both daily USDT rewards and XPL airdrop rewards from the Plasma Protocol after its upcoming Token Generation Event (TGE).Key Details of the Plasma USDT Locked ProductSubscription Period: August 20, 2025, 12:00 (UTC) until Plasma’s Post-TGE, or until quota is filled.Total Subscription Limit: 250,000,000 USDT (subject to adjustments by Binance).Rewards:USDT Rewards – distributed daily to users’ Spot Accounts.XPL Rewards – distributed post-TGE from a pool of 100,000,000 XPL (1% of total supply).Reward Calculation: Based on multiple daily snapshots of users’ subscription amounts, similar to Binance’s HODLer Airdrop method.Redemption RulesEarly Redemption:Users retain all accrued USDT rewards up to the redemption date.XPL rewards are preserved based on historical snapshots already taken.Redeemed USDT will be credited back to Spot Accounts within three days.Reward Accrual Start: Rewards begin accruing the day after subscription (no rewards on the subscription day).Notes & DisclaimersProduct launches on Binance Earn are independent of any future Binance Listings.Participation does not guarantee XPL will be listed on Binance markets.Minimum/maximum subscription limits and lock duration requirements apply.Why It MattersThe Plasma USDT Locked Product offers users a dual incentive model—providing stable daily USDT income alongside exposure to Plasma’s native XPL token via an airdrop. With a capped supply pool and first-come, first-served allocation, early participation is expected to be competitive.