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CoinDesk • Jun 12, 2025

Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes

The recent increase in the deposit limit to one billion dollars for the stablecoin network was quickly met, allowing contributors to secure participation rights proportional to the...

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The Block • Jun 12, 2025

Plasma doubles its deposit cap, clarifies it is eyeing $50M public sale at $500M FDV

By increasing its deposit limit, Plasma aims to raise substantial capital through a token offering, allowing stablecoin holders to gain access to XPL and potentially benefit from f...

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