The stablecoin project Plasma completed a $500 million fundraising on the ICO platform Sonar in less than an hour on June 9, attracting over 1,100 wallets with an average of about $35,000 per transaction. Users gained eligibility to purchase the native token XPL by depositing stablecoins such as USDC and USDT. Plasma completed a $20 million Series A funding round led by Framework Ventures in February this year. (The Block)