TL;DR

Plasma doubled its deposit cap to $1 billion, reaching this limit in just 30 minutes.
The increase responds to community concerns about bot activity and the rapid sellout of initial deposits.
The project aims to offer stablecoin infrastructure on Bitcoin with zero gas fees, starting with USDT.

Plasma, the stablecoin-focused blockchain, raised its deposit cap to $1 billion, hitting this amount in just 30 minutes. This surprise move, announced on Thursday, responds to growing user demand, especially from those feeling excluded due to bot activity and the speed at which earlier deposit caps were filled. With this adjustment, Plasma aims to give real users better opportunities, rather than having operations dominated by bots or malicious actors.

The increase in the deposit cap came just days after raising the ceiling to $500 million, which was quickly filled in only five minutes. This rapid sellout revealed unprecedented interest in stablecoin solutions, particularly in an Ethereum environment where fees are climbing higher. Plasma seeks to address this issue by offering a blockchain that removes gas fees, thanks to its anchor to Bitcoin’s security model.

The project, which plans to bring native stablecoin functionality to Bitcoin through an EVM-compatible sidechain, initially supports USDT, with more assets expected in the near future. Despite the fast fill of the deposit cap, Plasma has made it clear that deposited funds are not part of a token sale, but rather a preparatory step for the upcoming XPL public sale.

More Participation for Real Investors

One of Plasma’s main goals with this move is to allow more space for real users, particularly those active in their communities like Discord, to participate fairly. The positive response from the community has been clear, and the new deposit management is aimed at solving the issues caused by bots and allowing a fairer process for everyone. Plasma has reiterated that all deposited funds remain fully owned by the depositors and will be transferred to Plasma’s mainnet once it’s up and running.

The Potential of Plasma’s Blockchain

Plasma is positioning itself as an attractive alternative for those looking for stablecoin infrastructure without the economic barriers of Ethereum. With its focus on a zero-gas environment and Bitcoin’s security model backing it, the project has the potential to transform the stablecoin market, offering a more efficient and accessible solution for users.

As Plasma continues to grow and innovate, the crypto world is watching closely how it develops this promising technology.

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Filed under: News - @ June 12, 2025 1:27 pm