We’re thrilled to announce that we’ve raised $24M across our Seed and Series A, led by Framework and Bitfinex/USD₮0. Other participants include global leaders in the stablecoin and payments industry—DRW/Cumberland, Bybit, Flow Traders, 6th Man Ventures, IMC, Nomura, Karatage—as well as industry-leading angels and advisors including Paolo Ardoino, Peter Thiel, Cobie, and Zaheer Ebtikar.
The Trillion Dollar Stablecoin Opportunity
Stablecoins have emerged as one of crypto’s most critical use cases, redefining global money movement by enabling near-instant, low-cost, 24/7 global, and permissionless payments while providing access to leading fiat currencies like the US dollar.
Over the last few months, we have seen unprecedented levels of excitement about the vertical, both from traditional financial institutions and the public sector, including the White House. Consider Stripe’s $1.1 billion acquisition of Bridge, US President Donald Trump’s executive order to promote the development of dollar-backed stablecoins, US Senator Hagerty’s new stablecoin bill, and Crypto Czar David Sacks’ endorsement of stablecoins as a primary driver for US dollar dominance with the potential to generate trillions of dollars in demand for US treasuries.
Yet, despite this explosion of interest and growth, the stablecoin market faces a major obstacle: legacy blockchains limit the rate of adoption. Most blockchains were designed long before stablecoins gained traction—or even existed. Today, stablecoins have over $220 billion in supply, and trillions of dollars are transferred monthly. However, this activity currently settles on blockchains with obstacles like high transaction fees, centralization issues, high transaction failure rates, and a lack of specialized features that are required to support stablecoins from first principles. Plasma has been built to solve all of these challenges.
Plasma – The Endgame Blockchain For Stablecoins
Plasma is the purpose-built blockchain that will drive global stablecoin adoption to the next level and unlock trillions of dollars onchain. Engineered from the ground up to address the unique needs of stablecoins, Plasma provides a scalable, efficient, and secure foundation for the next generation of money movement.
As a Bitcoin sidechain, Plasma features a trust-minimized BTC bridge and anchors state roots to Bitcoin. By combining our own consensus mechanism with a fully EVM-compatible execution layer, Plasma delivers the speed, scalability, and specialized features that stablecoins demand — all built on a robust and secure foundation.
Plasma is uniquely positioned in the market, and we aim to capture the trillion-dollar stablecoin opportunity starting with USD₮, issued by Tether. USD₮ is the largest stablecoin worldwide and commands 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
This $24M raise is not just a financial milestone—it’s a strong vote of confidence in a future powered by stablecoins. As we accelerate the development of our testnet as well as mainnet and expand our ecosystem to support payments, remittances, DeFi, and personal financial solutions, we remain committed to unlocking the full potential of stablecoins.
Get Involved
Whether you’re a developer eager to build new payment applications and infrastructure or a community member passionate about the future of stablecoins and digital money, we invite you to get involved with what we’re doing at Plasma. Your support and participation are key as we work together to build the infrastructure that will redefine how money moves. Stay tuned for more updates as we continue our journey to power the future of stablecoin payments.
Disclaimer
This announcement is for informational purposes only and is not, and is not intended to be, an offer or sale of securities or the XPL tokens. Any offer or sale of the XPL Tokens will only be done subject to the applicable terms and conditions, which will be available upon the opening of the deposit period, and pursuant to definitive offering documents, which will be available upon the closing of the deposit period for those participants who have proven their eligibility via Sonar by Echo. Sonar provides infrastructure services to Plasma only and does not conduct any offer or sale of the XPL Tokens.
We do not consider the offer or sale of the XPL tokens to be securities transactions but due to the lack of clarity of applicability of the securities laws in the United States and foreign jurisdictions, only those participants who have proven their eligibility via Sonar by Echo will be considered as eligible participants. XPL Tokens have not been registered under the U.S. Securities Act of 1933 or any state securities laws and are being offered in reliance on exemptions from registration. As such, they are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable laws.
The Plasma website and the information contained herein are for informational purposes only. Information contained herein contains “forward-looking statements” that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance and are not statements of historical facts. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Neither Chain Technologies Research nor Plasma Foundation can provide any guarantee or certainty with respect to any forward-looking statement.
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