Plasma: Initial Deposit Cap Raised to $250 Million, Individual Deposit Limit Set at $50 Million

Odaily Planet Daily News: The stablecoin project Plasma announced on platform X that, based on community feedback, it has decided to increase the initial deposit cap to $250 million to support fair inclusion and broad participation. Individual deposits will be limited to $50 million.

Previously, it was reported that the stablecoin project Plasma received strategic investment from Peter Thiel's Founders Fund. In February of this year, it announced the completion of $24 million in financing ($20 million in Series A financing and $4 million in seed financing), led by Framework Ventures, with participation from cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.