KOL revelation: The Plasma team consists of the original crew from the L2 project Blast, and their relationship with Tether is not close.

On September 23, according to Crypto Fearless reports, the Plasma team consists of the original members of the L2 project Blast. Plasma is not closely related to Tether; Tether co-founder Paolo Ardoino only personally invested $50,000 during Plasma's $24 million valuation round. He stated that the main operator of Plasma is Framework Ventures, which has packaged Plasma as "Tether's favorite child" by exploiting information asymmetry, but the entire team has basically no experience in payments or stablecoins. At the same time, he emphasized that Pacman (Tie Shun) has fallen out with all original Blast team members; apart from Tie Shun, the other main members have left to form Plasma. Crypto Fearless also stated that during conversations in Korea with key figures from Tether, the other party claimed that Plasma has no direct relationship with Stable or Tether.