Plasma has successfully raised $24 million across its Seed and Series A funding rounds, with investments led by Framework and Bitfinex/USD₮0. The funding round also saw participation from industry leaders in stablecoins and payments, including DRW/Cumberland, Bybit, Flow Traders, 6th Man Ventures, IMC, Nomura, and Karatage. Additionally, renowned investors and advisors such as Paolo Ardoino, Peter Thiel, Cobie, and Zaheer Ebtikar contributed to the round.
The Trillion-Dollar Stablecoin Opportunity:
Stablecoins have become one of the most impactful innovations in the cryptocurrency space, redefining global money transfers by enabling near-instant, low-cost, and permissionless transactions. With access to major fiat currencies like the US dollar, stablecoins have positioned themselves as a cornerstone of the financial system.
Recent months have seen an unprecedented surge in interest surrounding stablecoins, both from traditional financial institutions and policymakers. Notable developments include Stripe’s $1.1 billion acquisition of Bridge, an executive order from U.S. President Donald Trump promoting dollar-backed stablecoins, a new stablecoin bill introduced by U.S. Senator Hagerty, and Crypto Czar David Sacks’ endorsement of stablecoins as a driver of U.S. dollar dominance, with the potential to generate trillions of dollars in demand for U.S. treasuries.
Despite this momentum, stablecoin adoption faces significant barriers due to the limitations of legacy blockchains. Most existing blockchain networks were not designed to accommodate stablecoins at scale, resulting in challenges such as high transaction fees, centralization concerns, frequent transaction failures, and a lack of features tailored specifically for stablecoin transfers. With over $220 billion in stablecoin supply and trillions of dollars transferred monthly, the need for a blockchain optimized for stablecoins has never been more critical. Plasma aims to solve these issues by providing an infrastructure built from first principles to support stablecoin adoption at scale.
Plasma – The Ultimate Blockchain for Stablecoins:
Founded by Paul Faecks and Christian Angermayer, Plasma is a blockchain purpose-built to drive global stablecoin adoption and unlock trillions of dollars on-chain. Designed to meet the unique needs of stablecoins, Plasma offers a scalable, efficient, and secure foundation for the future of money movement.
As a Bitcoin sidechain, Plasma integrates a trust-minimized BTC bridge and anchors state roots to Bitcoin, ensuring high security. The platform also incorporates a custom consensus mechanism and a fully EVM-compatible execution layer, enabling the speed, scalability, and specialized functionalities necessary for stablecoin transactions.
Plasma is strategically positioned to capitalize on the trillion-dollar stablecoin market, beginning with USD₮, the world’s largest stablecoin, which holds nearly a 70% market share. Backed by Bitfinex and USD₮0, Plasma enables zero-fee USD₮ transfers, making it the most efficient and scalable blockchain for stablecoin payments available today.
“With strong growth in both supply and users, we are entering a new phase of mainstream adoption for stablecoins. To meet this challenge, it’s more important than ever to have secure, decentralized, and scalable infrastructure in place. Plasma is designed to provide these essential rails by leveraging Bitcoin as its security layer.” — Paolo Ardoino, CTO at Bitfinex.
Looking Ahead:
The $24 million funding round represents more than just a financial milestone; it serves as a strong endorsement of a stablecoin-powered future. Plasma is accelerating the development of its testnet and mainnet while expanding its ecosystem to support payments, remittances, decentralized finance (DeFi), and personal financial solutions. With a commitment to unlocking the full potential of stablecoins, Plasma is poised to become the leading blockchain infrastructure for the next generation of digital payments.
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