BlockBeats News, on June 12, the stablecoin project Plasma's newly added deposit limit of 500 million USD sold out in 30 minutes, with a current total limit of 1 billion USD. Users can start earning unit shares by depositing stablecoins into the vault, and the unit shares determine users' subscription shares in the XPL public sale. Deposits earn returns on Aave and Maker through the Veda audited vault contract. After the lock-up period ends, all assets will be converted to USDT.
On June 9, a certain address spent 39.15 ETH (worth about 100,000 USD) in gas fees to become the first address to make a Plasma deposit, successfully staking 10.17 million USDC to Plasma.
Plasma previously received strategic investment from Peter Thiel's Founders Fund and announced the completion of a 24 million USD financing round in February this year (20 million USD in Series A financing 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.
