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Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins

The project, which also claims Tether's Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.

Plasma (Ramon Salinero/Unsplash)
Plasma (Ramon Salinero/Unsplash)