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.
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.
Forbes3d
Stablecoin Surge Signals A Rubicon For Insitutional Crypto Investment
A strong surge in stablecoin activity over the past two weeks could signal an uptick in ... [+] cryptocurrency projects in the near future. (Photo illustration by Jakub Porzycki/NurPhoto via Getty ...
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 ...
CoinDesk3d
Circle's USDC Hits Record Market Cap Over $56B as Stablecoin Demand Soars
Circle's USDC, the second-largest stablecoin on the market, rose to a record market capitalization over $56 billion this week as stablecoin growth showed signs of reaccelerating. USDC added $10.2 ...
Forbes2d
The Likely Path Forward For Stablecoin Legislation In Congress
Republican leadership in the House and Senate is signaling that it plans to move quickly to pass stablecoin legislation with their control of Congress. However, GOP optimism may be masking some of ...