Rodrigo Araújo joins Plasma as the head of the protocol engineering team.

PANews, June 26 - Rodrigo Araújo posted on X 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 to make a positive impact globally. Rodrigo believes that the core application of Blockchain should return to "capital flow," and the Plasma team is dedicated to building infrastructure and applications for global stablecoin payments, providing zero-fee USD₮ transfers, instant settlements, and customizable Gas Tokens. Currently, the Plasma Network has locked $1 billion USD₮ in liquidity, the public testnet is about to launch, and the mainnet test version will follow shortly.