Stablecoin-Focused Bitcoin Sidechain Plasma Draws $373M in Oversubscribed Token Sale

Description

Stablecoin-focused blockchain Plasma has closed its public token sale with $373 million in commitments, more than seven times the $50 million it was targeting. The sale, according to available data, has led to an oversubscription of around $320 million looking to get around $209,000 worth of XPL that weren’t purchased. The token’s launch is expected to occur within 40 days, while refunds for overcommitted funds will be processed in the near future. At launch, the Plasma network will hold $1 bill...