Summary
- Plasma announced that it is developing a new blockchain for Tether (USDT), the world's largest stablecoin.
- Plasma successfully secured investment after announcing $24 million in funding.
- Paul Faecks, Plasma co-founder, explained that the new blockchain will be based on the Bitcoin network and will support fee-free USDT transactions.
According to CoinTelegraph, a cryptocurrency-focused media outlet, on the 13th (local time), Plasma, a stablecoin project that recently announced raising approximately $24 million in funding, is developing a new blockchain for Tether (USDT), the world's largest stablecoin.
Paul Faecks, co-founder of Plasma, stated, "The new blockchain will be built on the Bitcoin (BTC) network and will support users in utilizing USDT without fees."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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