Plasma increases the deposit limit to $1 billion and will open the new quota today at 9 AM.

CryptoParadise · 2025-06-12T05:18:39+00:00

The Plasma project will open a deposit limit of $500 million on June 12, raising the total limit to $1 billion. Assets will earn yields through the vault contracts reviewed by Veda on Aave and Maker, and will be converted to USDT after the lock-up period ends. The project has received investment from Peter Thiel's Founders Fund and completed $24 million in financing this year.

CryptoParadise

2025-06-12 05:18:39

Abstract generation in progress

[Golden Finance] On June 12, news came that the stablecoin project Plasma announced it will reopen a deposit cap of $500 million one hour later (9 AM Beijing time), raising the total cap to $1 billion. Deposits will earn yields on Aave and Maker through Veda’s audited vault contract. After the lock-up period ends, all assets will be converted to USDT. Plasma previously received strategic investment from Peter Thiel’s Founders Fund and announced the completion of $24 million in funding in February this year ($20 million Series A funding and $4 million seed funding), with Framework Ventures leading the round, and participation from a trading platform, venture capitalist Peter Thiel, and Tether’s CEO Paolo Ardoino.

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