Plasma Secures $50 Million in Public Sale Financing on May 27, 2025

According to media reports, Plasma raised $50 million through a Public Sale on May 27, 2025. Following this round, Plasma’s total funding reached $77.5 million, with its latest valuation standing at $500 million.Plasma is a Layer 1 blockchain designed specifically for global stablecoin payments. The project integrates high throughput, native stablecoin functionality, and full EVM compatibility, providing developers with the infrastructure to build next-generation payment and financial applications. Notably, Plasma supports customizable gas tokens, zero-fee USDT transfers, and privacy payments as part of its innovative features.Per its development roadmap, Plasma launched its testnet in July 2025. Subsequently, the project established strategic partnerships with several key collaborators, including a joint crypto payment card issuance with Rain Cards and the launch of institutional funds targeting the global financial system in cooperation with Aave. It is also noteworthy that major exchanges introduced Plasma USDT fixed-term financial products in August 2025. The initial batch of users received an allocation of 1% of Plasma protocol tokens, and the first tranche of $250 million was rapidly sold out, reflecting strong market confidence in the project.Reviewing its fundraising history, Plasma completed multiple rounds over the past year. Starting with a $3.5 million round in October 2024, followed by a $24 million round in February 2025, and culminating in the latest $50 million Public Sale, the project has consistently demonstrated robust momentum and sustained recognition from capital markets.