Plasma is seeing rapid development across its stablecoin ecosystem as leading DeFi and exchange platforms announce key deployments. Ethena, Aave, Binance, and Clearpool have all rolled out integrations that increase liquidity, introduce lending markets, and bring payment-focused stablecoins to the network.

Ethena Deploys USDe and sUSDe on Plasma

Ethena Labs announced the launch of USDe and sUSDe on Plasma’s mainnet. Both assets are now available across Aave, Curve, Balancer, and Fluid, with Pendle expected to go live next. The launch came as Plasma reported over $2 billion in stablecoin liquidity on day one.

Aave markets on Plasma opened with $1 billion of combined capacity for USDe and sUSDe, supported by Binance liquidity. Depositors also earn Ethena Points, while leveraged strategies can claim additional rewards via Merkl. With USDe supply now near $14 billion, its presence on Plasma secures a significant share of dollar liquidity for the network.

Related read: Plasma TVL Erupts After Mainnet Launch, Fuels Stablecoin Hype

Aave Launches Lending and Leverage

Aave has gone live on Plasma with support for USDT, USDe, sUSDe, Tether Gold (XAUt), WETH, and weETH. Borrow and supply caps for these assets were set by Aave DAO governance. The deployment was carried out by BGD Labs, with Chainlink providing price feeds and Chaos Labs and LlamaRisk conducting risk reviews.

Plasma also introduces Aave’s “Liquid Leverage” markets, including $500 million capacity for USDe and $450 million for sUSDe, enabling leveraged stablecoin strategies directly on-chain.

Also read: Circle is Exploring Reversible Stablecoin Transactions to Tackle Crypto Fraud

Binance Adds Aave-Plasma USDT Product

Binance launched its Aave-Plasma USDT Locked Product within Binance Earn, allowing users to earn up to 7% APR on their USDT. Subscribers are automatically migrated from the previous Plasma USDT product unless they choose early redemption. Rewards start accruing the day after subscription and are distributed daily to users’ spot wallets.

The product connects Binance’s user base to on-chain Aave yields, further increasing liquidity on Plasma while giving retail users a simple way to access DeFi returns through a centralized interface.

Clearpool Brings cpUSD to Plasma

Clearpool has partnered with Plasma to launch cpUSD, a yield-bearing stablecoin designed for payments and institutional credit channels. Powered by PayFi Vaults, cpUSD aims to support use cases such as remittances and card settlement, making Plasma a destination for payment-scale stablecoin flows.

Clearpool says the integration is intended to expand stablecoin utility beyond trading and into real-world credit needs, aligning with Plasma’s payment-focused design.

Expanding Stablecoin Ecosystem

With Ethena, Aave, Binance, and Clearpool now live, Plasma has secured multiple pillars of a stablecoin-native DeFi stack. Additional protocols, including Maple Finance, are expected to join in the coming months. These integrations set the stage for Plasma to grow as a hub for stablecoin liquidity, lending, and payments.