Crypto Project Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
The project, which also claims Tether's Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions. Feb 13, 2025, 3:46 p.m. UTCPlasma, a crypto startup building a Bitcoin-based blockchain designed specifically for stablecoins, raised $20 million to further its development, the company said on Thursday.The fundraising round was led by Framework Ventures and will support Plasma’s testnet and mainnet launches, as well as its...
Read more at coindesk.com