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PLUME crypto gathers steam for recovery with 28% gains since Monday – Details
The EVM-compatible blockchain Plume [PLUME] has seen a remarkable turnaround in the market, as it has recorded an impressive 28% gain since Monday. The sudden surge is attributed to the recent partnership announcement between PLUME and World Liberty Financial (WLFI), which is closely related to U.S President Donald Trump.
The partnership aims to accelerate the expansion of WLFI’s stablecoin, USD1. As part of this collaboration, the USD1 stablecoin will be integrated as a reserve asset for Plume’s on-chain stablecoin – pUSD. This integration can potentially set up new avenues for market participants seeking institutional-grade real-world assets (RWA) finance opportunities.
Notably, PLUME broke its 1-day market structure on July 01, resulting in the significant gains since Monday. While the token has been trending downwards since May, the latest development appears to be a major turning point.
Source: ambcrypto.com
