Plasma Team's Origins and Tether Connections Clarified

According to BlockBeats, recent revelations indicate that the Plasma team is composed of the original members from the former Layer 2 project, Blast. Despite rumors, Plasma does not have a close relationship with Tether. Tether co-founder Paolo Ardoino personally invested only $50,000 during Plasma's valuation round of $24 million. Ardoino noted that the primary operators of Plasma are Framework Ventures, who have allegedly leveraged information asymmetry to portray Plasma as closely linked to Tether. However, the team reportedly lacks experience in payments and stablecoins. Additionally, it was highlighted that Pacman (Tie Shun) has had a falling out with the original Blast team, with all key members except Tie Shun moving on to establish Plasma. Further insights from discussions with Tether's core figures in South Korea reveal that Plasma has no direct ties to Stable or Tether.