ICO landscape & ecosystem momentum

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Plasma’s $500 million vault raise coincided with major stablecoin developments: the US Senate advanced the GENIUS Act to regulate stablecoins issuance, and Circle’s USDC stock reportedly more than quadrupled after its NYSE debut

Plasma’s $500 million vault raise, managed by Sonar, the ICO arm of Cobie’s Echo platform, marked the debut of structured, crypto-native fundraising infrastructure in this market cycle

Plasma’s $500 million raise led traders to declare “ICOs are officially back,” with comparisons to the speculative frenzies of 2017 and 2021, including references to “speedrunning 2017 × 2021”

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