{"id":13052,"date":"2025-02-14T10:01:36","date_gmt":"2025-02-14T10:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13052"},"modified":"2025-02-14T10:01:36","modified_gmt":"2025-02-14T10:01:36","slug":"billionaire-peter-theil-backed-crypto-startup-plasma-raises-20m-to-develop-bitcoin-based-stablecoin-network","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13052","title":{"rendered":"Billionaire Peter Theil-Backed Crypto Startup Plasma Raises $20M To Develop Bitcoin-Based Stablecoin Network"},"content":{"rendered":"<div>\n<p>Crypto startup\u00a0<strong>Plasma<\/strong>\u00a0has successfully raised $20 million in a funding round. The funds will be used to develop a Bitcoin-based blockchain specifically for stablecoins. <\/p>\n<p><strong>What Happened<\/strong>: The fundraising round, spearheaded by\u00a0<strong>Framework Ventures<\/strong>, will support the launch of Plasma\u2019s testnet and mainnet, reported <a href=\"https:\/\/fortune.com\/crypto\/2025\/02\/13\/exclusive-stablecoin-company-plasma-raises-24-million-from-framework-to-launch-its-own-blockchain\/\">Fortune<\/a> on Thursday. It will also facilitate the company\u2019s expansion into remittances, payments, and DeFi applications. This follows an earlier $4 million round with early\u00a0backers including Bitfinex,\u00a0<strong>Paolo Ardoino<\/strong>, CEO of <strong>Tether<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>), billionaire venture\u00a0capitalist <strong>Peter Thiel<\/strong>,\u00a0and well-known cryptocurrency traders <strong>Cobie\u00a0<\/strong>and <strong>Zaheer Ebtikar<\/strong> of <strong>Split Capital<\/strong>.<\/p>\n<p>Plasma aims to overcome the challenges that stablecoins face on current blockchains, including high fees and scalability constraints. By utilizing <strong>Bitcoin\u2019s <\/strong>(CRYPTO: <a ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43723477\/billionaire-peter-theil-backed-crypto-startup-plasma-raises-20m-to-develop-bitcoin-based-s\" alt=\"Billionaire\" peter theil-backed crypto startup plasma raises to develop bitcoin-based stablecoin network>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto startup\u00a0Plasma\u00a0has successfully raised $20 million in a funding round. The funds will be used to develop a Bitcoin-based blockchain specifically for stablecoins. What Happened: The fundraising round, spearheaded by\u00a0Framework Ventures, will support the launch of Plasma\u2019s testnet and mainnet, reported Fortune on Thursday. It will also facilitate the company\u2019s expansion into remittances, payments, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13052","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13052"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13052\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}