BlockBeats News, June 9th, the stablecoin project Plasma officially announced on Platform X that, based on community feedback, it has decided to raise the initial deposit limit to $250 million to support fairness, inclusivity, and widespread participation. Individual deposits will be limited to $50 million.
Prior to this news, the stablecoin project Plasma received a strategic investment from Founders Fund, backed by Peter Thiel. In February of this year, it announced the completion of a $24 million fundraising round ($20 million Series A round and $4 million seed round), led by Framework Ventures, with participation from cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.
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