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Plasma, a stablecoin-focused blockchain, has closed its public token sale with $373 million in commitments, exceeding its $50 million target.The Plasma network will hold $1 billion in stablecoins at launch, which would make it the fastest blockchain to reach that figure, and offer fee-free stablecoin transfers.The project has secured funding from prominent backers, including Peter Thiel's Founders Fund, and is set to launch within 40 days, with token refunds for overcommitted funds to be processed soon.@Plasma Stablecoin-focused blockchain Plasma has closed its public token sale with $373 million in commitments, more than seven times the $50 million it was targeting.The sale, according to available data, has led to an oversubscription of around $320 million looking to get around $209,000 worth of XPL that weren’t purchased. The token’s launch is expected to occur within 40 days, while refunds for overcommitted funds will be processed in the near future #Plasma at launch, the Plasma network will hold $1 billion in stablecoins, becoming the fastest blockchain to reach that figure, according to the project.Plasma, an Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, aims to provide fee-free stablecoin transfers, starting with Tether’s USDT $XPL