Plasma (Series A)
Funding Details
Awarder
Inbox
Date Award
February 13, 2025
Vertical
Cryptocurrency
Funding URL
View Funding Page
Funding Amount
$20,000,000
Company Info
Traction
Stablecoins have become a dominant force in crypto surpassing $220 billion in supply, increasingly used for everyday payments and savings.
Founders
Paul Faecks
Market
Stablecoins
Location
USA
Coinvestors
Peter Thiel, Paolo Ardoino, Bitfinex
Company Description

Plasma is a crypto startup building a Bitcoin-based blockchain designed specifically for stablecoins, aiming to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.

Links
Website
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