CoinVoice has recently learned that according to The Block, the Bitcoin-centric, EVM-compatible Plasma has completed a $3.5 million financing round led by Bitfinex, with participation from Christian Angermayer and venture capital firms Split Capital, Anthos Capital, Karatage and Manifold Trading.
Plasma is focused on expanding access to the USDT stablecoin. Plasma will be fully compatible with the Ethereum Virtual Machine, which means it can run any smart contract compatible with Ethereum, providing a solution to expand Bitcoin's functionality.
According to RootData, Plasma is a scalable, zero-fee, Bitcoin-backed payment platform. [Original link]
