Bitcoin Meets Stablecoins: Plasma Lands $20M to Enable Zero-Fee Transfers

Plasma, a startup focused on creating a blockchain for stablecoin transactions, has raised $20 million in Series A funding, led by Framework Ventures.

The investment, supported by figures like Peter Thiel and Tether CEO Paolo Ardoino, will help Plasma develop a Bitcoin-based sidechain for zero-fee USDT transfers. Plasma aims to overcome the high fees and scalability issues of existing blockchains like Ethereum and Tron, combining Bitcoin’s security with Ethereum-like programmability to improve stablecoin transaction efficiency.

Clever Robot News Desk 15^th February 2025