{"id":25637,"date":"2025-07-28T19:26:37","date_gmt":"2025-07-28T16:26:37","guid":{"rendered":"https:\/\/forklog.com\/en\/plasma-stablecoin-project-raises-373-million-in-token-sale\/"},"modified":"2025-07-28T19:26:37","modified_gmt":"2025-07-28T16:26:37","slug":"plasma-stablecoin-project-raises-373-million-in-token-sale","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/plasma-stablecoin-project-raises-373-million-in-token-sale\/","title":{"rendered":"Plasma Stablecoin Project Raises $373 Million in Token Sale"},"content":{"rendered":"<p>The blockchain project Plasma, focused on stablecoins, has concluded its public sale of XPL tokens, raising $373 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The Plasma public sale has ended with $373M+ committed to purchasing XPL, representing more than 7x in oversubscription.<\/p>\n<p>Plasma mainnet beta will launch with $1B in stablecoin TVL, the fastest chain to reach this number in history.<\/p>\n<p>We&#8217;re grateful for your support and trust. <a href=\"https:\/\/t.co\/Pddsoa02c0\">pic.twitter.com\/Pddsoa02c0<\/a><\/p>\n<p>\u2014 Plasma (@PlasmaFDN) <a href=\"https:\/\/twitter.com\/PlasmaFDN\/status\/1949826471238783140?ref_src=twsrc%5Etfw\">July 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The amount exceeded the target of $50 million by more than seven times. The oversubscription of $323 million allowed for the <a href=\"https:\/\/x.com\/OlimpioCrypto\/status\/1949828735340786027\">distribution<\/a> of unpurchased XPL worth $209,000.<\/p>\n<p>The token launch is scheduled within 40 days. The team will soon return funds from the oversubscription.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe beta version of the Plasma mainnet will launch with a <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> of $1 billion in stablecoins, marking the fastest achievement of this figure in history,\u201d the project&#8217;s statement reads.<\/p>\n<\/blockquote>\n<p>In June, the project <a href=\"https:\/\/forklog.com\/en\/news\/plasma-stablecoin-project-secures-1-billion-in-30-minutes\">raised this amount<\/a> in user deposits. The investments provided the right to purchase XPL.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"314\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Plasma-0xd10-Google-Chrome-1024x314.jpg\" alt=\"Plasma (0xd10) - Google Chrome\" class=\"wp-image-262793\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Plasma-0xd10-Google-Chrome-1024x314.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Plasma-0xd10-Google-Chrome-300x92.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Plasma-0xd10-Google-Chrome-768x235.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Plasma-0xd10-Google-Chrome-1536x471.jpg 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Plasma-0xd10-Google-Chrome.jpg 1658w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Plasma deposit contract balance. Source: <a href=\"https:\/\/intel.arkm.com\/explorer\/address\/0xd1074E0AE85610dDBA0147e29eBe0D8E5873a000\">Arkham<\/a>.<\/figcaption><\/figure>\n<p>Upon the mainnet launch, users will gain access to their deposited assets and fully unlocked tokens (except in the United States, where XPL will be unfrozen after 12 months).<\/p>\n<p>Plasma is an EVM-compatible Bitcoin sidechain designed for free USDT transactions. The project received $3.5 million in investments in a round led by Bitfinex and $20 million in a Series A round involving Peter Thiel&#8217;s Founders Fund.<\/p>\n<p>Earlier in July, the &#8220;meme coin factory&#8221; Pump.fun raised <a href=\"https:\/\/forklog.com\/en\/news\/kraken-to-airdrop-extra-pump-after-token%e2%80%91sale-glitches\">$500 million<\/a> during its token sale. By the end of the month, PUMP prices <a href=\"https:\/\/forklog.com\/en\/news\/pump-fun-token-falls-below-ico-price\">plummeted<\/a> below the ICO price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain project Plasma, focused on stablecoins, has concluded its public sale of XPL tokens, raising $373 million. The Plasma public sale has ended with $373M+ committed to purchasing XPL, representing more than 7x in oversubscription. Plasma mainnet beta will launch with $1B in stablecoin TVL, the fastest chain to reach this number in history. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[488,807,1378],"class_list":["post-25637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sidechains","tag-stablecoins","tag-token-sales"],"aioseo_notices":[],"amp_enabled":true,"views":"530","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25637"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25636"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}