Plasma completes $500M initial coin offering

News story


Description

Stablecoin-focused blockchain Plasma completed a $500 million token vault raise via Sonar in under an hour. Backed by Tether and powered by Cobie’s Echo platform, the sale drew 1,100+ participants and sparked debate over whale dominance and a possible ICO revival.

Maintainers

Kaleidoscopia

Publish date

June 9, 2025

Related projects

Tether
Plasma

Related topics

Funding & capital raises

Sources

Plasma completes its $500 million stablecoin vault raise across 1,100 wallets within an hour
Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees
Whales dominate Plasma launch
Stablecoin Firm Plasma Secures $500 Million from Initial Coin Offering on Sonar
Stablecoin Blockchain Plasma Fills $500 Million ICO Instantly

Tags

Week 24 of 2025
06/09/2025