$BTC Plasma raised its deposit cap to $1 billion and reached this limit within 30 minutes.

The cap increase follows a community-driven demand to address bot activity and rapid sellout times.

Plasma aims to offer stablecoin functionality on Bitcoin with a zero-gas environment, starting with USDT. Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes.

The new cap marks a doubling from the prior $500 million ceiling, which had itself been raised just days earlier following a community-driven outcry over bot activity and rapid sellout times.#Write2Earn