Plasma Raises $500m in Oversubscribed XPL Token Sale for Stablecoin-Focused Blockchain

Why Plasma Thinks Stablecoins Deserve Their Own Chain

Plasma is building a blockchain tailored specifically for stablecoins. According to the founders, while demand for stablecoins is growing rapidly, most existing blockchains are not optimized to support them efficiently.The project's documentation highlights several core limitations of current networks: high fees, centralization concerns, frequent outages, and limited functionality—all of which hinder the scalability of stablecoin applications. P…

High Fees, Big Wallets, but Real Momentum: The Plasma ICO Explained - WorldNL Magazine

Stablecoin blockchain project Plasma raised $500 million in its token sale, ten times its initial $50 million goal. These explosive numbers were not just a flashpoint in crypto fundraising – it signaled something deeper: the beginning of a broader alignment between the decentralized world of crypto and the structures of global finance, according to Santiment. Plasma’s public sale, hosted on Cobie-backed Sonar, was oversubscribed within minutes, …

High Fees, Big Wallets, but Real Momentum: The Plasma ICO Explained

Stablecoin blockchain project Plasma raised $500 million in its token sale, ten times its initial $50 million goal. These explosive numbers were not just a flashpoint in crypto fundraising – it signaled something deeper: the beginning of a broader alignment between the decentralized world of crypto and the structures of global finance, according to Santiment. Plasma’s public sale, hosted on Cobie-backed Sonar, was oversubscribed within minutes, …

What Plasma's deposits say about overall demand

Blockworks Research's Boccaccio explains why he likes Plasma, a Tether-focused blockchain, "overall."

Plasma Stablecoin Achieves Stunning $500M Crypto Fundraising Milestone In Minutes

BitcoinWorld Plasma Stablecoin Achieves Stunning $500M Crypto Fundraising Milestone in Minutes In the fast-paced world of digital assets, speed and scale often capture headlines. A recent development has sent ripples through the market, highlighting the immense appetite for promising ventures. The Plasma stablecoin project has reportedly achieved a staggering crypto fundraising success, securing $500 million in just minutes on the Sonar by Echo …