BlockBeats news, on October 18, TheBlock reported that the Plasma network backed by Bitfinex raised US$3.5 million in the latest financing round and will expand the use of USDT stablecoins on the Bitcoin network. The goal is to expand the payment function of USDT on Bitcoin through a zero-fee payment channel.
The financing was led by Bitfinex and included support from investor Christian Angermayer and multiple venture capital firms such as Split Capital, Anthos Capital, Karatage and Manifold Trading.
The Plasma network is an EVM-compatible blockchain that can run any Ethereum-compatible smart contract.
