The Plasma team is reportedly made up of former members of the L2 project Blast, according to a recent claim by a key opinion leader. Despite speculation, the team is said to have no close relationship with Tether. Tether co-founder Paolo Ardoino is reported to have personally invested only $50,000 in a funding round valuing Plasma at $24 million. Framework Ventures is identified as the main operator of Plasma, allegedly using information asymmetry to portray the project as favored by Tether. The team reportedly lacks experience in payments or stablecoins. Additionally, a source indicated that Pacman (Tieshun) had a dispute with the original Blast team, leading to the formation of Plasma by the remaining key members. A conversation with a Tether core figure in South Korea reportedly confirmed that Plasma has no direct ties to Stable or Tether.