Plasma: The initial deposit cap has been raised to 250 million USD, with a personal deposit limit of 50 million USD

ChainCatcher news, the stablecoin project Plasma officially announced on platform X that, based on community feedback, it has decided to raise the initial deposit limit to 250 million USD to support fairness, inclusivity, and broad participation. Individual deposits will be capped at 50 million USD.

In previous news, the stablecoin project Plasma received strategic investment from Founders Fund, which is under Peter Thiel. It announced the completion of 24 million USD in funding earlier this year in February (20 million USD in Series A funding and 4 million USD in seed funding), led by Framework Ventures, with participation from cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.