Binance, in partnership with Plasma, launched the on-chain USDT yield product, Plasma USDT Locked Product, on Binance Earn's platform on August 20, 2025.
This offers users lucrative yield opportunities, marking significant movement in yield products and influencing USDT liquidity flows and participant behavior in the DeFi space.
Binance has partnered with Plasma to launch the Plasma USDT Locked Product. This initiative aims to provide on-chain USDT yield opportunities through Binance Earn's platform, starting August 2025. Richard Teng, CEO of Binance, expressed, "We are excited to offer the Plasma USDT Locked Product, providing users with a unique opportunity to earn daily rewards on their USDT holdings." This reflects the innovative approach both companies are taking. You can find details on Binance's tweet about market trends.
Binance, under the leadership of CEO Richard Teng, collaborates with Plasma in this new venture. The product offers daily USDT rewards and post-TGE XPL token distributions, boasting a total allocation of 100 million XPL. Insights and developments from Plasma can be found on their official page: Plasma Foundation's tweet.
This could impact future investment trends and steering decisions within the crypto ecosystem. Potential outcomes may include increased market participation in yield-generating products. Historical trends suggest active interest in stablecoin yields, influencing technological developments and platform offerings.
Read original article on coinwy.comBy Coinwy
about 7 hours ago
