Tether co-founder launches rival stablecoin that offers yield
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Launch of Pi Protocol: Reeve Collins, co-founder of Tether, is introducing a decentralized stablecoin called USP through his new venture, Pi Protocol, which will operate on Ethereum and Solana blockchains and be backed by real-world assets.
Competitive Stablecoin Market: The stablecoin market is becoming increasingly competitive with Pi Protocol entering alongside established players like Tether's USDT, Circle's USDC, and others, as the total market cap of stablecoins surpasses $225 billion.
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.
