Stablecoin-Focused Bitcoin Sidechain Plasma Smashes Records with $373M Oversubscribed Token Sale

Bitcoin's scaling revolution just got a nine-figure vote of confidence.

Plasma—the stablecoin-optimized Bitcoin sidechain—just raked in $373 million in a token sale so hot, investors piled in like it was a free Fed liquidity window. The oversubscribed round proves one thing: the market's starving for Bitcoin scalability that doesn't sacrifice stability.

Sidechains are having a moment, but Plasma's twist is its laser-focus on stablecoin interoperability. While other L2s chase DeFi degens, this one's building rails for the boring (read: actually useful) transfers that could onboard normies.

Of course, $373M buys a lot of blockchain—now let's see if it buys actual adoption. Because nothing screams 'crypto maturity' like institutional money chasing the same old promises... just with fancier buzzwords this time.