Odaily Planet Daily News Stablecoin project Plasma announced that it will open the $500 million deposit limit again at 9:00 am Beijing time, raising the total limit to $1 billion. Deposits earn income on Aave and Maker through Veda's audited vault contracts. After the lock-up period, all assets will be converted to USDT.
Plasma previously received strategic investment from Peter Thiel's Founders Fund. In February this year, it announced the completion of $24 million in financing (US$20 million in Series A financing and US$4 million in seed financing), led by Framework Ventures, and participated by cryptocurrency trading platform Bitfinex, venture capitalist Peter Thiel and Tether CEO Paolo Ardoino.