Plasma: Initial deposit limit increased to $250 million, individual deposit limit is $50 million

Odaily News The official stablecoin project Plasma announced on the X platform that based on community feedback, it has decided to increase the initial deposit limit to $250 million to support fair inclusion and broad participation. Individual deposits will be limited to $50 million.
Earlier news said that the stablecoin project Plasma received strategic investment from Founders Fund under Peter Thiel. In February this year, it announced the completion of US$24 million in financing (US$20 million in Series A financing and US$4 million in seed round financing), led by Framework Ventures, and participated by cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel and Tether CEO Paolo Ardoino.