Plasma Doubles Deposit Cap to $1 Billion in 30 Minutes Amid Bot Concerns

Coin WorldFriday, Jun 13, 2025 12:26 pm ET
1min read

Plasma, a blockchain focused on stablecoins, has doubled its deposit cap to $1 billion, reaching this limit in just 30 minutes. This rapid fill-up comes as a response to community concerns about bot activity and the swift sellout of initial deposits. The project aims to provide stablecoin infrastructure on Bitcoin with zero gas fees, starting with USDT.

The deposit cap increase was announced on Thursday and is a direct response to growing user demand. Many users felt excluded due to bot activity and the speed at which earlier deposit caps were filled. By doubling the cap, Plasma aims to give real users better opportunities, reducing the dominance of bots or malicious actors.

This move follows a previous increase in the deposit cap to $500 million, which was filled in just five minutes. This rapid sellout underscores the high interest in stablecoin solutions, especially in the Ethereum environment where fees are rising. Plasma addresses this issue by offering a blockchain that eliminates gas fees, leveraging Bitcoin’s security model.

The project plans to bring native stablecoin functionality to Bitcoin through an EVM-compatible sidechain. Initially, it supports USDT, with more assets expected in the near future. Despite the quick fill of the deposit cap, Plasma has clarified that deposited funds are not part of a token sale but are a preparatory step for the upcoming XPL public sale.

One of Plasma’s main goals with this move is to create more space for real users, particularly those active in their communities, to participate fairly. The positive response from the community has been evident, and the new deposit management is aimed at solving the issues caused by bots, allowing a fairer process for everyone. Plasma has reiterated that all deposited funds remain fully owned by the depositors and will be transferred to Plasma’s mainnet once it’s operational.

Plasma is positioning itself as an attractive alternative for those seeking stablecoin infrastructure without the economic barriers of Ethereum. With its focus on a zero-gas environment and Bitcoin’s security model, the project has the potential to transform the stablecoin market, offering a more efficient and accessible solution for users.

As Plasma continues to grow and innovate, the crypto world is closely watching how it develops this promising technology.

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