Plasma will open another $500 million deposit limit, raising the total limit to $1 billion

Odaily News The stablecoin project Plasma announced that it will open the deposit limit of US$500 million again at 9:00 am Beijing time, raising the total limit to US$1 billion. Deposits earn income on Aave and Maker through Veda's audited vault contracts. All assets will be converted to USDT after the lock-up period.
Plasma previously 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, with participation from cryptocurrency trading platform Bitfinex, venture capitalist Peter Thiel and Tether CEO Paolo Ardoino.