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Faecks said the money raised in this round will be used to launch the Plasma blockchain early in the second quarter of this year.

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Exclusive: Stablecoin company Plasma raises $24 million from Framework Ventures to launch its own blockchain

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Plasma plans to use the $24 million funding to support its testnet and mainnet launches, along with its expansion into remittances, payments, and decentralized finance (DeFi) applications

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