Plasma attracted $373 million in oversubscribed token sales

According to CoinDesk, Plasma, a blockchain project focused on stablecoins, has completed a public token sale, raising $373 million, more than seven times its $50 million target. According to existing data, this offering has resulted in oversubscription of approximately $320 million, with the aim of redeeming approximately $209000 worth of unsubscribed XPL. The token is expected to be issued within 40 days, and refunds of oversubscribed funds will also be processed in the near future. The tokens of American investors will face a 12-month lock up period, but for other regions of the world, XPL will be unlocked upon issuance.