<\/p>\n
Daylight\u2019s GRID stablecoin and sGRID yield-bearing token connect decentralized finance with energy revenues. <\/p>\n
Plasma\u2019s native token XPL surged after the stablecoin-focused Layer 1 blockchain unveiled a partnership with Daylight Energy to launch GRID, a stablecoin, and sGRID, a yield-bearing token.<\/p>\n
Following the announcement, XPL rose 10%, trading at $0.325 with a market capitalization of $607 million.<\/p>\n
According to Plasma \u2013 which has a total value locked (TVL) of $2.7 billion \u2013 GRID will be issued by M0, fully backed, and redeemable instantly. Meanwhile, sGRID will allow holders to earn a yield based on Daylight Energy\u2019s electricity revenues.<\/p>\n The companies said this is the first time investors can gain on-chain exposure to electricity yields through a single token. The partnership underscores how blockchain is increasingly connecting with real-world infrastructure to create new and innovative ways for investors to earn yield.<\/p>\n \u201cOur power grids are straining from an explosion in electricity demand, with rates outpacing inflation and blackouts surging,\u201d Plasma writes. \u201cWe\u2019re partnering with @Daylightenergy_ to solve this on-chain and give anyone access to electricity-backed returns via its yield-bearing asset on Plasma.\u201d<\/p>\n With GRID and sGRID, Plasma expands its ecosystem of yield-earning tokens. The Layer 1 blockchain, which launched its mainnet beta on Sept. 25, 2025,<\/a> has focused heavily on stablecoins and other yield-bearing assets. <\/p>\n This comes as the stablecoin sector\u2019s total market capitalization has surpassed $304 billion, up significantly from $206 billion at the start of the year, according to DeFiLlama.<\/p>\n The news of the GRID and sGRID follows several recent moves by Plasma, including a separate partnership<\/a> with oracle provider Chainlink and decentralized finance (DeFi) lending protocol Aave to expand its ecosystem. <\/p>\n