News on Tether and the Emergence of the New Stablecoin Pi Protocol
Tuesday, 18 February 2025, 15:01
Stablecoin News: Tether's Former CEO and Pi Protocol
The former CEO of Tether is making headlines with his support for a new yield-bearing stablecoin, designed to rival USDT. Reeve Collins, the co-founder of Tether, is now leading Pi Protocol, which has launched the USP stablecoin. This move is aimed at providing investors with a competitive alternative to traditional stablecoins.
Why USP is Poised for Success
- USDT dominance challenged: The launch of USP represents a significant shift in the stablecoin landscape.
- Yield-bearing features: USP is designed to offer users new benefits that traditional stablecoins like USDT do not provide.
- Backed by industry veterans: With Collins at the helm, it brings credibility to this new endeavor.
In summary, the news about the Pi Protocol and its stablecoin could reshape the competitive landscape of stablecoins, particularly highlighting the challenges faced by USDT.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.