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July 17, 2025 – Plasma, the innovative stablecoin-focused blockchain linking Bitcoin’s unparalleled security with Ethereum Virtual Machine (EVM) smart contract capabilities, today announced its public token sale aiming to raise $50 million. This strategic token offering values Plasma at $500 million and is set to further accelerate the development and adoption of its high-performance sidechain, designed to revolutionize stablecoin liquidity and accessibility.
The public sale of Plasma’s native XPL token commenced today on its official website, leveraging Echo’s Sonar technology. This offering represents 10% of the fully diluted supply, providing a significant opportunity for the broader community to participate in Plasma’s ecosystem. The public sale follows an overwhelmingly successful deposit round, which reportedly hit its $1 billion cap in just 35 minutes, underscoring immense market demand and confidence in Plasma’s vision.
Plasma is backed by a consortium of leading investors, including Peter Thiel's Founders Fund, Framework Ventures, and Bitfinex, reinforcing its position as a key player in the evolving blockchain landscape.
"Plasma is building the essential rails for the future of stablecoin transactions," said a spokesperson for Plasma. "By uniquely combining the robust security of Bitcoin with the flexible programmability of EVM, we are delivering a solution that addresses the critical need for efficient, scalable, and cost-effective stablecoin transfers in the global financial system."
The network, which successfully launched its testnet on July 15, is specifically engineered to serve as an alternative, highly efficient rail for stablecoin transfers, beginning with Tether’s USDT. By operating as an EVM-compatible Bitcoin sidechain, Plasma enables users to move USDT without incurring transaction fees, a significant advantage in a market where transaction costs can be a barrier to widespread adoption. The network has already demonstrated its capacity, boasting an impressive $1 billion in stablecoin liquidity.
Plasma enters a dynamic market where stablecoins already facilitate billions of dollars in daily transactions, with much of the current volume flowing through networks like Tron and Ethereum. This launch is particularly timely as Tether, the dominant stablecoin issuer, is strategically shifting its focus towards Layer 2 solutions and adjusting support for various blockchains. Plasma’s specialized infrastructure positions it perfectly to capture this evolving demand.
Furthermore, Plasma’s development aligns with the accelerating global regulatory focus on stablecoins. Policymakers in Washington are actively debating legislation such as the GENIUS Act and the STABLE Act, which aim to establish stringent requirements for stablecoin issuers, including one-to-one backing with dollar cash or Treasuries and robust anti-money-laundering rules. Simultaneously, the European Union’s comprehensive Markets in Crypto Assets (MiCA) regulation is coming into full effect this year, setting a precedent for digital asset oversight. Plasma’s commitment to a secure, compliant, and transparent framework ensures its relevance and resilience within this maturing regulatory environment.
With its innovative technology, strong investor backing, and a clear path to addressing critical market needs, Plasma is poised to redefine the stablecoin experience, offering a truly scalable and cost-efficient solution for decentralized finance and beyond.
About Plasma:
Plasma is a stablecoin-focused blockchain designed to bridge the security of Bitcoin with the versatility of Ethereum Virtual Machine (EVM) smart contracts. It aims to provide a high-performance, fee-free infrastructure for stablecoin transfers, starting with USDT. Backed by leading venture capital firms and industry players, Plasma is committed to building the foundational layer for a new era of global money movement.Compiled by CMO Intern team
