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

PANews June 26 news, Rodrigo Araújo posted on X that he has joined the Plasma Foundation as the head of the protocol engineering team. He stated that despite many interesting and exciting projects in the industry, he chose Plasma because he recognized its vision and potential to make a positive impact globally. Rodrigo believes that the core application of blockchain should return to "the flow of funds," and the Plasma team is committed to building infrastructure and applications for global stablecoin payments, providing zero-fee USD₮ transfers, rapid settlement, 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.