Based on Blockbeats, on September 23, a KOL claimed that the Plasma team consists of the original members of the L2 project Blast. The report states that Plasma has no close relationship with Tether, and Tether co-founder Paolo Ardoino only personally invested $50,000 in the $24 million valuation round. The main operator of Plasma is said to be Framework Ventures, which allegedly leveraged information asymmetry to position Plasma as a 'Tether favorite.' The team reportedly lacks any background in payments or stablecoins. Additionally, the source mentioned that Pacman (Tieshun) had a falling out with the original Blast team, and the rest of the key members left to form Plasma. During a conversation with a Tether core figure in South Korea, the person reportedly stated that Plasma has no direct ties to Stable or Tether.
Plasma Team Allegedly Former Blast Members, No Close Ties to Tether
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