Per an official announcement on August 29 and reported by COINOTAG, Binance confirmed that the remaining quota for its Plasma USDT locking product has been fully subscribed and that no additional quota will be released. The communication indicates the product has reached its subscription cap and that allocations are now closed, reflecting the completion of this issuance phase.
Consequently, the total value locked (TVL) for Binance’s On-Chain Yields Plasma USDT locking product has exceeded 1 billion USDT. This milestone documents significant asset aggregation and liquidity concentration within the contract; institutional and retail participants should review the product’s lock-up terms and counterparty considerations as part of routine risk assessment.