
律动BlockBeats|Sep 23, 2025 06:27
[KOL Reveals: Plasma Team is the Original Blast L2 Project Team, Not Closely Related to Tether]
BlockBeats News, September 23 – According to a report from Crypto Fearless, the Plasma team is composed of the original members of the Blast L2 project team. Plasma has almost no connection with Tether. During the $24 million valuation round of Plasma, Tether co-founder Paolo Ardoino only made a personal investment of $50,000.
It was stated that the main operator behind Plasma is Framework Ventures, which leveraged information asymmetry to package Plasma as 'Tether's favored project.' However, the entire team essentially lacks any background in payments or stablecoins.
Additionally, it was emphasized that Pacman (Tie Shun) had a falling-out with all the original Blast team members. Except for Tie Shun, the other key members of the original team went on to create Plasma.
Crypto Fearless also mentioned that during discussions with Tether's core figures in South Korea, they stated that Plasma has no direct relationship with Stable or Tether.
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