Close Menu
Cryprovideos
    What's Hot

    Secret Service seizes $400M in crypto, chilly pockets amongst world’s largest

    July 6, 2025

    JD.com, Ant Group Push for Yuan-Primarily based Stablecoins to Counter Greenback Rule: Reuters

    July 6, 2025

    Buterin Defends Crypto Privateness, Helps Twister Money Creator

    July 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Authentic Tether CEO Backing New Yield-Bearing Stablecoin to Rival USDT: Report – The Day by day Hodl
    Authentic Tether CEO Backing New Yield-Bearing Stablecoin to Rival USDT: Report – The Day by day Hodl
    Altcoins

    Authentic Tether CEO Backing New Yield-Bearing Stablecoin to Rival USDT: Report – The Day by day Hodl

    By Crypto EditorFebruary 19, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The previous CEO of stablecoin agency behemoth Tether is throwing his help behind a brand new USDT rival, based on Bloomberg.

    Tether co-founder Reeve Collins is now the chairman and co-founder of Pi Protocol, the maker of a brand new USDT competitor, USP, Bloomberg studies.

    The Pi stablecoin is scheduled to roll out on the Solana (SOL) and Ethereum (ETH) blockchains later this yr.

    Pi goals to make use of good contracts to execute transactions and mint the USP stablecoin, which goals to be backed by bonds and different yield-bearing real-world belongings.

    The undertaking goals to be extra decentralized than different stablecoin initiatives, similar to Tether’s USDT, giving customers a bigger piece of the pie, based on the report.

    Says Collins on the brand new stablecoin,

    “I very a lot supported Tether through the years, it’s a unprecedented invention that we’ve developed…

    We view Pi Protocol because the evolution of stablecoins.

    Tether has been extraordinarily profitable in showcasing demand for stablecoins. However they maintain all of the yield. We imagine 10 years later the market is actually able to evolve.”

    Says Pi CEO Bundeep Singh Rangar of the brand new crypto undertaking,

    “You need belongings which might be non-correlated to crypto which might be mid- to excessive yield, low danger.

    We now have a mechanism that assesses the standard of the asset. They’re ones which might be vetted on their loss ratio and origination of the place they’re coming from.”

    Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

    Verify Value Motion

    Observe us on X, Fb and Telegram

    Surf The Day by day Hodl Combine

    &nbsp

    Authentic Tether CEO Backing New Yield-Bearing Stablecoin to Rival USDT: Report – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in internet online affiliate marketing.

    Featured Picture: Shutterstock/PeachShutterStock/Natalia Siiatovskaia/Andy Chipus





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Mog Coin Worth Prediction – Can MOG Reclaim Its Early July Rally?

    July 6, 2025

    Ethereum Flirts With a Breakout, However Warning Nonetheless Lingers ‣ BlockNews

    July 6, 2025

    Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Degree In Sight

    July 6, 2025

    XRP Rival Stellar (XLM) Collapses 48% in Essential Metric, What Is Going On?

    July 6, 2025
    Latest Posts

    Bitcoin Enters new Discovery Section as Revenue-Taking Metrics rise and outflows dominate

    July 6, 2025

    Bitcoin Giants Shrink: Whales Quietly Hand Off Billions to Establishments

    July 6, 2025

    $280 Million in Crypto Shorts Liquidated as Bitcoin Tops $110K – Decrypt

    July 6, 2025

    $8.6B Bitcoin whale switch exhibits no indicators of sell-off: Arkham

    July 6, 2025

    Non-public Key Leak or Quantum Computing Assault? BCH Take a look at Precedes $8B Bitcoin Actions

    July 6, 2025

    Arthur Hayes Says Proposed Stablecoin Legislation Will Unleash Multi-Trillion-Greenback Liquidity Bazooka and Profit Bitcoin, JPMorgan Chase – Right here’s How – The Every day Hodl

    July 6, 2025

    Bitcoin hits resistance at $110K, however BNB, SOL, LINK, AAVE present promise

    July 6, 2025

    Bitcoin Checks $107,000 After $8 Billion Whale Switch, However Bulls Nonetheless within the Battle

    July 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Coincheck Father or mother Turns into First Japanese Crypto Alternate Operator to Checklist on Nasdaq – Decrypt

    December 11, 2024

    SEC, Gary Gensler Sued by 18 States Over Biden’s Crypto Crackdown – Decrypt

    November 17, 2024

    Moca Community Value Prediction: MOCA Explodes 147% On Binance Itemizing Information – May This $18.7 Million ICO Be Subsequent?

    December 17, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.