XPL Deposit, Spot and Perp Trading Now Live on Backpack Exchange

Announcing Plasma (XPL) on Backpack

While many blockchains adapt to payments, Plasma was designed for them. As the Layer 1 built specifically for stablecoins, its mission is to create a global financial system where money moves with maximum efficiency and scale.

What's Live Now

• $XPL deposits are live.

• XPL/USD and XPL-PERP

• Plasma USD₮ deposits & withdrawals are live.

• Backpack Wallet now supports the Plasma network.

Trading for the XPL/USD spot market and XPL-PERP perpetual futures trading are now open. Whether you want to build a position in a revolutionary stablecoin network or take a view on the future of payments, the opportunity is yours.

Whether you want to build a spot position in a revolutionary stablecoin network or take a leveraged view on the future of payments, the opportunity is now yours.

Trading Details:

• Trading Pairs:
  XPL/USD (Spot)
  XPL-PERP (Perpetual Future)
  

Token Details:

• Total Supply: 10,000,000,000 XPL
  
• Circulating Supply: 1,800,000,000 XPL
  
• Max Supply: No fixed cap (inflationary model)
  

About Plasma XPL: The Bitcoin-Secured Stablecoin Blockchain

Plasma isn't just another L1, it's the infrastructure layer built specifically for the $220 billion stablecoin market. While everyone else was building general-purpose chains, Plasma identified the core opportunity: zero-fee USDT transfers with Bitcoin-level security.

The network combines EVM compatibility with Bitcoin anchoring to deliver gasless stablecoin transactions, fast finality, and enterprise-grade security. Think of it as the payment rails that make stablecoins actually usable for everyday transactions instead of expensive DeFi experiments.

Key Features:

• Zero-Fee USDT Transfers - Finally, stablecoins that work like payments should
  
• Bitcoin Security - Anchored to Bitcoin for institutional-grade protection
  
• EVM Compatible - Easy integration with existing Ethereum tools and dApps
  
• Institutional Backing - Supported by Peter Thiel, Framework Ventures, and Tether CEO
  
• Binance Partnership - Over $1B TVL in Binance's on-chain yield product
  

Market Positioning:

Largest Pre-Markets - XPL dominated pre-market trading on both Hyperliquid and Binance, showing serious institutional and retail demand before launch.

First Stablecoin Chain - Plasma represents the first major blockchain designed from the ground up for stablecoin infrastructure, not retrofitted for it.

Strategic Timing - Launching as stablecoin regulations clarify and institutional adoption accelerates globally.

Why Backpack is Early

Backpack's unique position as both exchange and wallet creates natural synergies with Plasma's vision. By supporting XPL trading, integrating Plasma wallet features, and offering USD₮ transfers, Backpack is betting on infrastructure that solves real payment problems instead of chasing narrative cycles.

Exclusive Backpack Airdrop

Badge drops are coming soon! Backpack badge holders will receive XPL airdrops according to their rank and badge level.

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Achievement Rewards - Every XPL trade counts toward your Backpack achievement progress

Unlike typical airdrop hype that fades in weeks, these incentives reward actual usage and long-term ecosystem participation. Backpack is one the only exchanges offering launch incentives, positioning early adopters for maximum benefit.

Unlock Fresh Achievements for XPL Trading

Start your XPL trading journey and unlock exclusive achievements while positioning yourself in the stablecoin infrastructure revolution. Every trade counts toward your achievement progress—be early to the Bitcoin-secured payment rails of the future!