Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes. The new …
Plasma
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Analysis
Plasma raises $500 million, partners with Aave to transform stablecoin market
by shayaanby shayaanPlasma, a blockchain platform focused on stablecoin infrastructure, is making waves across the crypto space for raising $500 million through its XPL …
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Layer 1 blockchain Plasma showcased the massive demand for exposure to the stablecoin sector this morning, filling a $500 million initial coin …
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Scams
Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees
by shayaanby shayaanIn brief Bitcoin-backed stablecoin network Plasma attracted $500 million in deposits towards its upcoming token sale. One trader spent $100,000 in Ethereum …
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Plasma has recently revealed its collaboration with Ethena Labs, which is focused on making financial services that bear yield accessible across the …
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Finance
Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
by shayaanby shayaanPlasma, a crypto startup building a Bitcoin-based blockchain designed specifically for stablecoins, raised $20 million to further its development, the company said …
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Analysis
Peter Thiel-Backed Stablecoin Firm Plasma Rakes In $20,000,000 in Series A Fundraising
by shayaanby shayaanA stablecoin firm backed by veteran investor Peter Thiel is raking in tens of millions of dollars worth of funds during a …