{"id":43511,"date":"2025-08-31T10:40:17","date_gmt":"2025-08-31T07:40:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43511"},"modified":"2025-08-31T10:45:10","modified_gmt":"2025-08-31T07:45:10","slug":"etherfi-allocates-500-million-to-plasma-in-partnership-deal","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/etherfi-allocates-500-million-to-plasma-in-partnership-deal\/","title":{"rendered":"EtherFi Allocates $500 Million to Plasma in Partnership Deal"},"content":{"rendered":"<p>The infrastructure stablecoin project Plasma has announced a partnership with the staking protocol EtherFi, describing it as the fastest-growing neobank based on stablecoins.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Stablecoins give everyone, everywhere permissionless access to the financial service of saving money safely and reliably.<\/p>\n<p>Today, we are excited to announce our partnership with the fastest-growing stablecoin-based neobank, <a href=\"https:\/\/twitter.com\/ether_fi?ref_src=twsrc%5Etfw\">@Ether_fi<\/a>. <a href=\"https:\/\/t.co\/0zDJOLlBTN\">pic.twitter.com\/0zDJOLlBTN<\/a><\/p>\n<p>\u2014 Plasma (@PlasmaFDN) <a href=\"https:\/\/twitter.com\/PlasmaFDN\/status\/1961416275755770305?ref_src=twsrc%5Etfw\">August 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>EtherFi will transfer over $500 million from its Ethereum staking vault to the Plasma platform, providing liquidity for yield strategies using stablecoins.<\/p>\n<p>The protocol will fully integrate its products into the partner&#8217;s DeFi ecosystem before the mainnet beta launch, offering users additional collateral options for lending and borrowing.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>, the total value locked in EtherFi assets is approximately $11.5 billion. The protocol ranks sixth in the decentralized finance sector.\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>Plasma is an EVM-compatible Bitcoin sidechain designed for free USDT transactions. The project secured $3.5 million in a funding round led by Bitfinex and $20 million in a Series A round involving Peter Thiel&#8217;s Founders Fund.<\/p>\n<p>In June, Plasma increased its stablecoin deposit limit <a href=\"https:\/\/forklog.com\/en\/news\/plasma-stablecoin-project-secures-1-billion-in-30-minutes\">to $1 billion<\/a>, raising the funds within 30 minutes.<\/p>\n<p>In July, the project <a href=\"https:\/\/forklog.com\/en\/news\/plasma-stablecoin-project-raises-373-million-in-token-sale\">raised $373 million<\/a> through a public sale of XPL tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The infrastructure stablecoin project Plasma has announced a partnership with the staking protocol EtherFi, describing it as the fastest-growing neobank based on stablecoins.<\/p>\n","protected":false},"author":1,"featured_media":43512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Plasma partners with EtherFi, allocating $500M to boost stablecoin strategies.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1390,807],"class_list":["post-43511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-partnership","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"295","promo_type":"1","layout_type":"1","short_excerpt":"Plasma partners with EtherFi, allocating $500M to boost stablecoin strategies.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43511"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43511\/revisions"}],"predecessor-version":[{"id":43513,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43511\/revisions\/43513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/43512"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}