Bitcoin-Backed Stablecoin Network Plasma Shatters Records: $1B Deposit Cap Gobbled Up in 30 Minutes

Plasma just flipped the script—again. The Bitcoin-based stablecoin network didn’t just raise its deposit cap to $1 billion; it watched institutional money vacuum up every last cent in half an hour. Talk about a feeding frenzy.

When ‘if you build it, they will come’ meets ‘hold my Satoshi’

No marketing blitz, no yield-farming gimmicks—just a single, staggering number: $1B. The speed of the fill proves two things: demand for Bitcoin-collateralized stability isn’t theoretical, and crypto’s institutional crowd still plays by ‘ape now, ask questions later’ rules.

A not-so-subtle reminder for TradFi

While Wall Street debates ‘stablecoin regulation’ for the 47th consecutive quarter, builders shipped. Now watch as the usual suspects scramble to explain why their ‘blockchain initiatives’ haven’t cleared a fraction of this traction. Closers, meet spectators.