Plasma, a stabechoin-centric layer 1 blockchain, has raised $ 373 million in a public token sales, which presents it as a leading new player in Stabilin Infrastrate Space.
Summary
- Plasma raised $ 373m in 10 days, except for 7x except for a target of $ 50m.
- Network will launch with $ 1B in TVL and support zero-fee transfer.
- Its time follows the Staboin-fruitful Genius Act, which promotes investor trust.
For a statement on Plasma’s official X account, the company raised $ 373 million in 10-day tokens that ended on July 28. The largest token sales in 2025.
More than 3,000 investors participated in sales, which announced about $ 83,000 per wallet. Overall, 1 bullion XPL token of the network was sold 10% of the supply, giving the project a price of $ 500 million. The US-based participants face a 12-month lockup period, which will receive tokens immediately at the global user launch.
The network of the network is set to launch with $ 1 billion in the total value of stabelcoin, making it the fastest chain to read the film to the team. StableCoins, mainly Titu (USDT), will be used to facilitate zero-looking transactions on the network.
Bitcoin (BTC) using the UTXO model, the plasma is designed as an EVM-component sedchen that combines atherium-like functionality with a base-layer protection of bitcoin. With zero-altar USDT transfer, the project aims to tap in the rapid expanded stabechoin payment markets.
Genius Act promotes Stabelcoin Confederation
This lifting comes after the Genius Act, formally signed in the law on July 18, the first US law to formally regulate dollars-supported Stabecrims. Adoption and complaint may intensify as a result of this regulator clarity.
The project has raised $ 24 million in two rounds, including Bitfinx, Founders Fund, Framework Ventures and Titthher Chief Executive Officer Paolo Erdino. Payment infrastructure attacks of plasma are being used to expand Latin American and Middle East and are on ship on decentralized finance services like curve (CRV), Aave (Aave), and Ethna (Eena).
As is primarily the launch approach, the ability to give the ability of plasma fee-free transfer and main network stability will determine wheelmine wheelmine wheat, it can last up to its initial deceased and high valo. Skelaness, security and regulatory grievances are the major obstacles in the subsequent environment of an ACT.
