COINOTAG News reported on August 22 that Binance will raise the total subscription cap for its Plasma Fixed Product to $1 billion. The exchange has allocated an initial 250 million USDT quota available for subscription within a one-hour window, reflecting a sizable institutional-style allocation aimed at enhancing short-term liquidity for the product.
Participants subscribing with USDT will receive daily USDT rewards plus future XPL rewards distributed after the token generation event (TGE). Binance confirmed a second 250 million USDT tranche will open for subscription on August 22, 2025, at 17:00 (GMT+8), providing a clear timetable for additional investor access to the program.