One of Tether’s Co-Founders Launches a New Stablecoin Rivaling USDT, Only with One Very Big Difference
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 18 2025New Stablecoin Initiative: Reeve Collins, co-founder of Tether (USDT), is launching a new stablecoin project called Pi Protocol, which will operate on Ethereum and Solana, featuring a unique minting process and backing by real-world assets.
Decentralized Governance Model: Pi Protocol will utilize a governance token, USPi, allowing holders to participate in decision-making and share in the platform's revenue, marking an evolution in the stablecoin market according to Collins.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
