Peter Thiel, Plasma and Stablecoin

Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
The project aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.
Peter Thiel-Backed Stablecoin Firm Plasma Rakes In $20,000,000 in Series A Fundraising
A stablecoin firm backed by veteran investor Peter Thiel is raking in tens of millions of dollars worth of funds during a recent fundraising event.
Peter Thiel-backed Plasma Raises $24M to Build Zero-Fee Stablecoin Blockchain on Bitcoin
Plasma secures $24M Series A funding to build Bitcoin sidechain for fee-free stablecoin transactions, backed by major investors.
Billionaire Peter Thiel-Backed Crypto Startup Plasma Raises $20M To Develop Bitcoin-Based Stablecoin Network
Crypto startup Plasma has successfully raised $20 million in a funding round. The funds will be used to develop a Bitcoin-based blockchain specifically for stablecoins. What Happened: The fundraising round,
Exclusive: Stablecoin company Plasma raises $24 million from Framework to launch its own blockchain
Because of this, Paul Faecks, co-founder of stablecoin company Plasma, is building a blockchain tailored specifically to the most popular stablecoin that it hopes to introduce in the coming months. The blockchain is intended to attract stablecoin users by offering zero-fee Tether transactions,
Stablecoin blockchain raises $24 million
Plasma, a startup behind a blockchain built specifically for payments with stablecoins, has raised a fresh $20 million in a Series A funding round. Why it matters: Stablecoins are the killer app of blockchains,
Plasma raises $24M to launch zero-fee blockchain for Tether in Q2
Plasma just locked in $24 million to launch a blockchain built specifically for Tether. The new network, set to go live in the second quarter of 2025, promises zero-fee transactions and a streamlined system designed solely for stablecoins.
CoinDesk5d
Why We Need a Bipartisan Stablecoin Bill – Gillibrand
It protects consumers by holding stablecoin issuers to strict reserve requirements, requiring them to maintain one-to-one reserves in cash and cash equivalents. The bill prohibits the issuing of ...
Yahoo Finance11d
Stablecoin Market Hits $204 Billion, Signaling Potential Cryptocurrency Rally: CryptoQuant
The growth in stablecoin liquidity is attributed to the rise of Tether’s USDT, though Circle’s USDC has also gained momentum. CryptoQuant analysts note that liquidity conditions, measured by ...
JD Supra5d
State Stablecoin Legislation
More to come in next week’s tracker. State Frameworks for Stablecoin Regulation Vary Widely In the absence of a federal regulatory framework, stablecoin issuers and custodians must navigate a ...