Tether Co-Founder Supports New Stablecoin Project on Ethereum and Solana

Description

Reeve Collins, co-founder of Tether (USDT), is re-entering the $233 billion stablecoin market with Pi Protocol, a decentralized, yield-generating stablecoin set to launch on Ethereum and Solana in late 2025. According to a Bloomberg Report on Tuesday , the project looks to challenge dominant players like Tether and Circle’s USDC by leveraging tokenized real-world assets such as U.S. Treasuries—a model gaining traction with competitors like Ethena, Mountain Protocol, and BlackRock’s BUIDL. Co-Fou...