The stablecoin-focused Plasma blockchain’s native token, XPL, debuted on major exchanges, including Binance and OKX, on Thursday.

The token drew a price of up to $1.54 in early trading, resulting in a market capitalization of over $2.8 billion. The plasma token has a genesis supply of 10 billion, of which 18% or 1.8 billion is now in circulation.

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