Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, S… [+467 chars]

Depositors earn the right to participate in the sale based on their final units at the time of the lock-up.

CoinDesk

Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes

Plasma, a crypto startup developing a blockchain optimized for stablecoins, attracted $500 million in deposits for its token sale on Monday 10 times more than originally planned.
The fundraising cap… [+2026 chars]

The oversubscribed raise follows stablecoin issuer Circle’s massive IPO last week, underscoring investor appetite for stablecoin-related projects.

Plasma’s XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays