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Plasma raises $24m in Series A funding

Switzerland based blockchain for stablecoin payments raised $24m in Series A funding led by Framework Ventures.

“With strong growth in both supply and users, we are entering a new phase of mainstream adoption for stablecoins. To meet this challenge, it’s more important than ever to have secure, decentralized, and scalable infrastructure in place. Plasma is designed to provide these essential rails by leveraging Bitcoin as its security layer,”

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europe, blockchain, stablecoin, payments, crypto, defi