Plasma Skyrockets to $2.5B Market Cap Amid Intense Tether Partnership Speculation

Rumors swirl as obscure cryptocurrency Plasma experiences explosive growth—jumping to a staggering $2.5 billion valuation seemingly overnight.

The Tether Connection Theory Gains Traction

Market analysts point to unusual trading patterns suggesting potential backing from stablecoin giant Tether. Whispers of undisclosed partnerships fuel buying frenzies across Asian exchanges.

Speculative Fever Grips Trading Floors

Retail investors pile in chasing quick gains while institutional players remain skeptical. The classic crypto pattern emerges—massive volume spikes precede regulatory scrutiny.

Another day, another questionable asset rockets upward while traditional finance watches in disbelief. Because nothing says 'sound investment' like a token that gains billions in value based entirely on unconfirmed rumors.

Markets speculate about Plasma’s links to Tether

A likely factor in XPL’s quick growth is speculation about its potential links to Tether, the world’s largest stablecoin issuer. For this reason, Tether, which did not launch its own stablecoin-focused blockchain, may come to rely on Plasma for cheap and fast stablecoin transfers.

For one, Tether entered a partnership with Plasma, providing it with $2 billion in USD₮ liquidity. Tether also integrated its omnichain stablecoin XAU₮ with Plasma, making it available for trading at launch time.

What is more, Tether’s owner, Bitfinex, was a major backer for Plasma, contributing $24 million. Both of these factors suggest that Plasma is aligned with Tether’s interest.