Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes

Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes

Depositors earn the right to participate in the sale based on their final units at the time of the lock-up.

Plasma $1B Deposit Cap Reached in Record Time Before Token Sale Even Starts - Crypto Economy

TL;DR Plasma doubled its deposit cap to $1 billion, reaching this limit in just 30 minutes. The increase responds to community concerns about bot activity and the rapid sellout of initial deposits. The project aims to offer stablecoin infrastructure on Bitcoin with zero gas fees, starting with USDT. Plasma, the stablecoin-focused blockchain, raised its deposit cap to $1 billion, hitting this amount in just 30 minutes. This surprise move, announ…

US lawmakers push GENIUS bill for final floor vote

The US Senate took a major step in advancing the Guidance and Establishing Innovation for US Stablecoins (GENIUS) bill on Wednesday, following a 68-30 vote that will set the bill up for potential final passage next week.

U.S. Senate Votes 68–30 to Advance GENIUS Act Amid Warren’s Criticism - Bitcoinsensus

U.S. Senate votes 68–30 to advance GENIUS Act amid Warren’s criticism, as amendments are blocked and stablecoin concerns take center stage. She calls to block the bill, calling it a “national security threat” and “Trump’s corruption mechanism via stablecoins.” GENIUS Act Moves Forward Without Allowing Amendments The key bill that promises not only to establish regulation over stablecoins but also appears to pursue several less transparent goals …

Senate’s Stablecoin Bill Heads to Final Vote After 68-30 Procedural Vote

The stablecoin bill moving through the U.S. Senate reportedly got closer to final passage Wednesday (June 11) after a 68-30 procedural vote.

Breaking: Stablecoin Bill GENIUS Act Advances Following Cloture Vote

In a massive development, the stablecoin bill is one step closer to becoming law following the latest cloture vote. The GENIUS Act gained enough bipartisan support with 68 senators voting in favor of the latest amendment. Stablecoin Bill GENIUS Act Advances With Latest Cloture Vote According to a Bloomberg report, the US Senate has advanced The post Breaking: Stablecoin Bill GENIUS Act Advances Following Cloture Vote appeared first on CoinGape.