Plasma Foundation has doubled its stablecoin deposit cap from $500 million to $1 billion as of June 12, 2025. This increase was announced with a one-hour notice and quickly reached the previous cap level again. Depositors gain proportional rights to participate in a planned $50 million public sale at a $500 million fully diluted valuation (FDV), though the public sale itself has not yet occurred. The deposit vault has seen substantial activity, including large deposits from institutional addresses such as Amber Group, which contributed 16.3 million USDT, and Spartan Group, which deposited 5 million USDT. The largest single deposit recorded was 50 million USDC. Some existing depositors have expressed concerns about dilution following the cap increase. Plasma has also provided instructions for pre-approving spenders via Etherscan to facilitate faster deposits. The recent surge in deposits and cap increase reflects strong institutional interest and active participation in Plasma's staking program.