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Stablecoin-Centric Bitcoin Sidechain Plasma Smashes Records with $373M Token Sale Frenzy

Stablecoin-Centric Bitcoin Sidechain Plasma Smashes Records with $373M Token Sale Frenzy

Author:
CoindeskEN
Published:
2025-07-28 14:20:34
18
1

Stablecoin-Focused Bitcoin Sidechain Plasma Draws $373M in Oversubscribed Token Sale

Wall Street's latest FOMO target? A Bitcoin sidechain built for stablecoins—and investors just threw $373 million at it like Monopoly money.

The oversubscribed token sale for Plasma, a scaling solution marrying Bitcoin's security with stablecoin efficiency, proves one thing: when crypto bros smell yield, rational due diligence goes out the window.

Forget 'slow and steady'—this is the DeFi casino on steroids, where even sidechain infrastructure now commands VC valuations higher than some national GDPs. Just don't ask about the tokenomics.

|Square

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