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Plasma Stablecoin Layer 1 Raises $373M in Oversubscribed Token Sale
Plasma Stablecoin Layer 1 Raises $373M in Oversubscribed Token Sale
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BTCCSquare news:
Plasma, a stablecoin-focused LAYER 1 blockchain, has secured $373 million in a public token sale, far surpassing its initial $50 million target. The 10-day sale attracted over 3,000 investors, averaging $83,000 per wallet, and valued the project at $500 million. U.S. participants face a 12-month lockup, while global investors will receive tokens immediately upon launch.
The network's beta mainnet is set to debut with $1 billion in stablecoin total value locked (TVL), positioning it as the fastest chain to reach this milestone. Zero-fee transfers and timing alongside the stablecoin-friendly GENIUS Act have bolstered investor confidence.
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