@zasad@. I do not anymore know where you are taking the argument hehehe.

In any case, Tether's new layer 1 blockchain being developed for stablecoins had a successful ICO through Sonar, the new platform created from the private funding application of Cobie. It appears that this is only the beginning of the new season of the ICO hehehe.



Layer 1 blockchain Plasma showcased the massive demand for exposure to the stablecoin sector this morning, filling a $500 million initial coin offering (ICO) deposit vault in a matter of minutes.

The token sale was initially capped at $250 million, but after the vault filled instantly, the cap was doubled to $500 million, which filled as soon as market participants realized the cap had been increased.

The raise is being managed in collaboration with Sonar, which is the ICO arm of Cobie’s public fundraising platform, Echo.

Plasma is a ‘stablechain,’ or a Layer 1 (L1) blockchain optimized for stablecoin transactions, backed by Tether, the issuer of DeFi’s leading stablecoin, USDT. It’s offering 10% of its XPL token supply at a $500 million fully diluted valuation (FDV) through this sale.

Read in full https://thedefiant.io/news/blockchains/stablecoin-blockchain-plasma-fills-usd500-million-ico-instantly