{"id":44860,"date":"2025-08-30T04:31:41","date_gmt":"2025-08-30T04:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44860"},"modified":"2025-08-30T04:31:41","modified_gmt":"2025-08-30T04:31:41","slug":"etherfi-channels-500-million-into-bitfinex-backed-plasma","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44860","title":{"rendered":"EtherFi Channels $500 Million Into Bitfinex-Backed Plasma"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Plasma is gathering serious traction in the DeFi space. Backed by Bitfinex, the stablecoin-focused Layer 2 just landed a major partner. <\/span><span data-preserver-spaces=\"true\">EtherFi, the leading liquid restaking platform, is integrating its $500 million ETH vault directly into <\/span><span data-preserver-spaces=\"true\">Plasm<\/span><span data-preserver-spaces=\"true\">a<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> positions the network for a strong launch <\/span><span data-preserver-spaces=\"true\">and gives<\/span><span data-preserver-spaces=\"true\"> users immediate access to deep liquidity from the <\/span><span data-preserver-spaces=\"true\">start<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Ground-Level Integration with Real Impact<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Unlike typical partnerships that come later, EtherFi is stepping in right at the launch phase. Its $500 million deposit into Plasma will serve as a base layer of support for borrowing and lending protocols built on the network. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> isn\u2019t passive capital. Users will be able to put it to work from day one using familiar DeFi strategies backed by ETH.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\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\" rel=\"nofollow\" target=\"_blank\">@Ether_fi<\/a>. <a href=\"https:\/\/t.co\/0zDJOLlBTN\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/0zDJOLlBTN<\/a><\/p>\n<p>\u2014 Plasma (@PlasmaFDN) <a href=\"https:\/\/twitter.com\/PlasmaFDN\/status\/1961416275755770305?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">Institutional-Scale Confidence<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">EtherFi currently holds more than $11 billion in total value locked. To route a significant chunk of that into a brand new L2 shows <\/span><span data-preserver-spaces=\"true\">real<\/span><span data-preserver-spaces=\"true\"> trust in Plasma\u2019s architecture. It also reflects confidence in the team behind it and the direction the network is taking as it targets stablecoin-powered infrastructure.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Combining Stability with Performance<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Plasma has <\/span><span data-preserver-spaces=\"true\">been engineered<\/span><span data-preserver-spaces=\"true\"> with a dual focus: security and usability. It connects Bitcoin-sidechain security with Ethereum-compatible tooling. <\/span><span data-preserver-spaces=\"true\">That mix <\/span><span data-preserver-spaces=\"true\">allows for<\/span><span data-preserver-spaces=\"true\"> gas-free stablecoin transfers, <\/span><span data-preserver-spaces=\"true\">support for<\/span> <span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> assets like USDT, and features <\/span><span data-preserver-spaces=\"true\">like<\/span><span data-preserver-spaces=\"true\"> customizable gas tokens and built-in privacy layers.<\/span><span data-preserver-spaces=\"true\"> It\u2019s a chain built with real-world usage in mind, not just experimentation.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-eth\" data-coin-symbol=\"eth\" data-price-usd=\"ETH Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/coinlogo\/4\/5b7fc72f06f17.svg\" alt=\"eth logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Ethereum<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">ETH<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$523.18B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68b26ed784738\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<h2><span data-preserver-spaces=\"true\">Fast Traction, Fast Deposits<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this year, Plasma saw more than $1 billion in deposits within just 30 minutes of opening. Most of it came from high-value wallets, which suggests that experienced whales already trust the network\u2019s structure. <\/span><span data-preserver-spaces=\"true\">That kind of initial traction is rare <\/span><span data-preserver-spaces=\"true\">and shows<\/span><span data-preserver-spaces=\"true\"> that something foundational is <\/span><span data-preserver-spaces=\"true\">being <\/span><span data-preserver-spaces=\"true\">built<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Backing from Major Industry Names<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Beyond Bitfinex and EtherFi, Plasma also counts support from figures involved in Founders Fund, Framework Ventures, and Tether. These are not surface-level partnerships. The combination of capital and influence around Plasma provides strong momentum going into its next phase of growth.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Tools That Users Actually Use<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With EtherFi in the picture, users can bring their liquid restaking tokens straight into Plasma\u2019s DeFi stack. They can borrow against them, generate yield, and interact with stablecoins across different tools without bridging or waiting. <\/span><span data-preserver-spaces=\"true\">That convenience <\/span><span data-preserver-spaces=\"true\">is matched<\/span> <span data-preserver-spaces=\"true\">with<\/span><span data-preserver-spaces=\"true\"> options <\/span><span data-preserver-spaces=\"true\">like<\/span><span data-preserver-spaces=\"true\"> privacy-preserving transactions and integrated account systems.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Built for the Expanding Stablecoin Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Stablecoins are now worth over $280 billion in combined supply. Infrastructure that can handle that volume, reduce friction, and support actual utility is going to stand out. Plasma is clearly aiming at this layer of the market and now has EtherFi\u2019s vaults behind it to help build that foundation.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Looking Ahead<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Plasma\u2019s mainnet beta is coming soon. The EtherFi partnership is more than a technical integration. It sets the tone for what the network wants to be: usable, secure, and deeply connected to real liquidity. It\u2019s not about speculative buzz. <\/span><span data-preserver-spaces=\"true\">It\u2019s about <\/span><span data-preserver-spaces=\"true\">building<\/span><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">working base<\/span><span data-preserver-spaces=\"true\"> for stablecoin finance.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        EtherFi is depositing $500 million into Plasma, giving the Bitfinex-backed Layer 2 instant DeFi liquidity at launch.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This is a launch-phase integration, not a post-launch add-on, letting users borrow and earn yield from day one.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Plasma supports gas-free stablecoin transfers, built-in privacy, and Bitcoin-sidechain security with Ethereum compatibility.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The network already saw over $1 billion in early deposits, mostly from large wallets, showing strong initial traction.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Plasma is targeting the $280 billion stablecoin market with real utility, and EtherFi\u2019s vaults make that goal more reachable.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/etherfi-moves-500m-to-bitfinex-backed-plasma-layer-2\/\">EtherFi Channels $500 Million Into Bitfinex-Backed Plasma<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Plasma is gathering serious traction in the DeFi space. Backed by Bitfinex, the stablecoin-focused Layer 2 just landed a major partner. EtherFi, the leading liquid restaking platform, is integrating its $500 million ETH vault directly into Plasma. This positions the network for a strong launch and gives users immediate access to deep liquidity from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44860","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44860"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44860\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}