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Plasma Quickly Fills $500M Stablecoin Vault Pre-Deposits

The Tether-linked stablecoin firm attracted plenty of attention but also attracted criticism over the high caps for individual depositors.
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Jun 9, 2025 • 1 min read

Plasma raised $500 million in a stablecoin vault within minutes, achieving its funding goal and drawing over 1,100 contributors.

What’s the Scoop?

  • Lightning-Fast Fundraising: Plasma completed a $500 million stablecoin vault raise within 48 minutes, fulfilling a major funding goal set in late May.
  • High Participation: The raise saw contributions from over 1,100 wallets, with an average deposit size of $35,000.
  • Stablecoin Mix: Plasma's vault now holds $345 million in USDC, $146.1 million in USDT, $7.5 million in USDS, and $1.21 million in DAI.

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