Bitfinex-backed Plasma | Crypto

Bitfinex-backed Plasma announced a strategic partnership with EtherFi on Aug. 29, positioning the stablecoin-focused neobank as a day-one launch partner for the blockchain’s mainnet beta. EtherFi will transfer over $500 million from its Ethereum (ETH) staking vault to Plasma’s platform, providing liquidity for stablecoin-backed yield strategies. The collaboration integrates EtherFi across Plasma’s DeFi ecosystem, providing […] The post Bitfinex-backed Plasma secures EtherFi partnership with $500 million ETH vault integration appeared first on CryptoSlate.