This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bitfinex-backed Plasma has formed a strategic partnership with EtherFi, integrating over $500 million in ETH staking assets into its stablecoin-focused ecosystem. The collaboration enhances liquidity for yield strategies and expands collateral options across Plasma’s DeFi platform. This move signals growing institutional confidence in stablecoin infrastructure as the sector exceeds $280 billion in total supply.
- EtherFi will transfer $500M in ETH staking assets to Plasma's platform, enhancing liquidity for stablecoin yield strategies.
- Plasma's architecture supports zero-fee USDT transfers and gasless transactions via a dual-validator system.
- The partnership follows Plasma's $24M funding round backed by Framework Ventures, Bitfinex, and Founders Fund.
📎 Related coverage from: cryptoslate.com