Binance to Expand Plasma USDT Locked Product Subscription Limit

According to the announcement from Binance, the recent launch of the Plasma USDT Locked Product under Binance On-Chain Yields saw an overwhelming response, with the initial subscription limit of 250,000,000 USDT being fully subscribed within an hour. In response to community feedback, Binance Earn has decided to increase the total subscription limit to 1,000,000,000 USDT. The subscriptions will be opened in batches to allow more users to participate. The second batch, with a subscription limit of 250,000,000 USDT, is set to open on 2025-08-22 at 09:00 (UTC). Binance has outlined that subsequent batches will be announced separately, with details to be communicated later. The platform reserves the right to adjust the subscription limit, and any changes will be announced separately. As the total subscription limit increases and new quota batches open, XPL rewards may fluctuate to maintain sustainability and fairness across the subscription pool. However, the daily USDT rewards per user will remain unchanged. Early redemptions will not result in any loss of USDT and XPL accrued rewards. Allocations are available on a first-come, first-served basis, and all other product rules from the initial Plasma USDT Locked Product Launch Announcement still apply. Binance On-Chain Yields allows users to participate in various on-chain protocols and earn rewards directly through their Binance account. It offers high-yield opportunities without the need for complex on-chain setups. However, it is a high-risk product with no guarantee of principal or returns, involving risks such as smart contract vulnerabilities and market volatility. Users are advised to understand these risks independently, as Binance is not liable for any losses incurred from on-chain protocols.