• Plasma joins Chainlink Scale to boost stablecoin development with secure oracle and cross-chain tools.
• Plasma holds over $6.5 billion in stablecoin assets just one week after its high-profile network launch.
• XPL token saw a 50% drop after launch, as the community debated the project’s direction and stability.

Plasma, a new Layer-1 blockchain built for stablecoin applications, has joined the Chainlink Scale program. The move integrates Chainlink’s core oracle services into the Plasma network. Developers on Plasma will now have access to tools such as Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Data Streams, and Data Feeds.

Plasma Partners Chainlink and Aave to Boost Stablecoin DeFi

Stablecoin-focused Layer 1 blockchain Plasma has announced a strategic partnership with Chainlink and Aave, aiming to infuse enterprise-grade infrastructure from day one to drive widespread stablecoin adoption in DeFi.…

— KeyNews (@KeyNewsEN) October 4, 2025

These services are expected to help developers create advanced and reliable decentralized finance (DeFi) applications. The integration supports Plasma’s broader goal of establishing a stablecoin-native blockchain network from its initial launch phase.

Ecosystem Gains Momentum Post-Launch

Plasma launched with major backing and strong market attention. It raised $74 million in total funding, including $24 million from private rounds led by Bitfinex and Framework Ventures. A public sale brought in another $50 million.

One week after launch, Plasma’s on-chain data showed more than $6.5 billion in stablecoin and related assets on the platform. Its token, XPL, debuted on exchanges on September 25, quickly hitting a market capitalization of over $2.5 billion. It also jumped 87% after launch, hitting a new $1.69 all-time high.

Despite this rapid rise, XPL’s price dropped nearly 50% shortly after listing. This led to divided opinions among investors and community members. Some praised the technology, while others questioned the sustainability of the project’s early momentum.

Community Divided Amid Token Price Volatility

The token’s sharp decline fueled debate across the crypto space. Critics raised concerns about large token allocations to the ecosystem and strategic partners. A few questioned the project’s transparency and intentions, with some accusing it of being a short-term market move.

Still, Plasma continued rolling out new features. On September 22, the team announced Plasma One. This new product is a neobank and card system built on the Plasma network. It is designed to support stablecoin users with integrated financial tools.

Plasma also revealed plans to launch a zero-fee USDT Transfer system. The Plasma Foundation will fund this to drive adoption and encourage stablecoin use across the network.

Chainlink Integration Adds Technical Stability

With its Chainlink integration, Plasma gains access to secure off-chain data and cross-chain tools. This allows developers to build stablecoin applications that interact with other blockchains.

Chainlink’s recent activities with institutional partners have also strengthened its market profile. The Chainlink Reserve purchased over 46,000 LINK tokens this week. This pushed its holdings to more than 417,000 tokens, valued at $9.5 million. Recently, Chainlink announced a new solution at SIBOS 2025 that connects financial institutions to blockchains using Swift messaging.

The LINK token posted a 6.7% weekly gain and showed bullish technical signals. Strong support formed at $22.13, with resistance seen near $23.10.