Former Tether CEO Backs New Stablecoin USP on Solana and Ethereum
- Reeve Collins, Tether co-founder, is now chairman and co-founder of Pi Protocol.
- Pi Protocol is launching a new stablecoin, USP, as a competitor to USDT.
- The Pi stablecoin will be available on Solana (SOL) and Ethereum (ETH) blockchains later this year.
- USP aims to be backed by bonds and other yield-bearing real-world assets.
- The project seeks to offer more decentralization compared to existing stablecoins like USDT.
Reeve Collins, former CEO of Tether, supports the new USP stablecoin by Pi Protocol, which plans to launch on Solana and Ethereum. The initiative aims for greater decentralization and asset backing than its competitors.
Source (2.6)https://dailyhodl.com/2025/02/18/original-tether-ceo-backing-new-yield-bearing-stablecoin-to-rival-usdt-report/?rand=59076
