0
days
00
hours
00
min
00
sec
Plasma is a Bitcoin-powered L1 infrastructure designed for the needs of the stablecoin protocols, specifically $USDT. It delivers users a Bitcoin-native security, fast, and ultra-low stablecoin transactions. $XPL is a utility token of the protocol, the main purpose of which is to power the security of the Bitcoin bridge and blockchain network.
On February 13, 2025, the platform closed a $20.5M Series A round with the participation of Framework Ventures, Bitfinex, DRW, Bybit, and others. The funds raised totaled $24M from both Seed and Series A rounds.