Plasma raises over $373 million, oversubscribed by 7 times

According to official sources reported by Jinse Finance, Plasma has announced the conclusion of its public offering, with subscription amounts exceeding $373 million, representing an oversubscription of more than seven times. In addition, the project's mainnet Beta version will officially launch with a total stablecoin total value locked (TVL) of $1 billion, setting a new record for the fastest achievement of this TVL scale in blockchain history.