Rodrigo Araújo joins the Plasma Foundation to commit to global stablecoin payment infrastructure.

[Coin World] On June 26, news came that Rodrigo Araújo announced on social media that he has joined the Plasma Foundation as the head of the protocol engineering team. He stated that although there are many interesting and exciting projects in the industry, he chose Plasma because he recognizes its vision and potential for making a positive impact globally. Rodrigo believes that the core application of blockchain should return to "flow of funds," and the Plasma team is dedicated to building infrastructure and applications for global stablecoin payments, providing zero-fee USD₮ transfers, fast settlements, and customizable Gas tokens. Currently, the Plasma network has locked in $1 billion USD₮ in liquidity, the public test network is about to launch, and the mainnet test version will follow shortly.