Binance has announced a new investment option under its Simple Earn On-Chain Yields product line. The company announced today that the product, called the “Plasma USDT Locked Product,” offers daily USDT returns to its users and also provides a special airdrop opportunity for the Plasma network’s native token, XPL. As part of the campaign, users can earn on-chain returns by locking their USDT holdings. They will also receive a share of an airdrop of 100 million XPL tokens, equivalent to 1% of the total supply. These rewards will be distributed following Plasma's token generation event (TGE). While Binance hasn't announced a specific date for the TGE, it has stated that interest in the first phase of the process is high. According to the company, the initial subscription quota of 250 million USDT was fully filled shortly after the product's launch. Binance described the product as part of its catalog of on-chain strategies delivered in a user-friendly manner through a centralized exchange (CEX) experience. Plasma, a Bitfinex-backed, stablecoin-focused Layer 1 blockchain project, stands out. Designed with high transaction volume and low costs in mind, the project aims to provide infrastructure for the scalable transfer of dollar-denominated digital assets. *This is not investment advice.