According to a report from CoinWorld on July 28, the blockchain project Plasma, which focuses on stablecoins, has completed its public token sale, raising $373 million, more than seven times its $50 million target. According to existing data, this sale was oversubscribed by approximately $320 million, aiming to redeem about $209,000 in unsubscribed XPL. The token is expected to be issued within 40 days, and refunds for the oversubscribed funds will also be processed in the near future. Tokens for U.S. investors will face a 12-month lock-up period, while for the rest of the world, XPL will be unlocked upon issuance.

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