According to Mars Finance, the stablecoin project Plasma has announced that it will reopen the deposit limit of 500 million US dollars at 9 AM Beijing time, raising the total limit to 1 billion US dollars. Deposits will earn returns through Veda's audited treasury contracts on Aave and Maker. After the lock-up period ends, all assets will be converted to USDT. Plasma previously received strategic investment from Founders Fund, led by Peter Thiel, and in February of this year announced the completion of 24 million US dollars in financing (20 million US dollars in Series A funding and 4 million US dollars in seed funding), with Framework Ventures leading the round, and participation from cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.

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