One of the original co-founders of Tather, Reve, plans to launch a stabelcoin on the Ethereum and Solana by the second half of 2025.
Coalins unveiled the PI protocol and its UPS Stabelcoin as a possible rival of Tether (USDT), a token that expanded to its initial consideration when the company’s CEO acting as CEO.
Unlike the USDT and the USD coin (USDC), where the issuers control all the income, the PI protocol of Colins presents the new Stabelcoin as a produce-ascendant property. Tokens are expected to operate the tokens similar to other emerging market players such as Athana, using real -world assets to generate passive income.
As BloombergUPS will organize RWAS like bonds for its reserves. The Tether employs a similar strategy through its huge holdings of the American Treasury.
Mint that will earn the mint ups USI as a yield, while the PI’s governance structure revolves around the USPI tokens. The former CEO of Tathar said that the government token holders would receive a share of the revenue of the PI. The PI Protocol will first launch up on Ethereum and Solana by the second half of 2025, saying in an interview.
Tedhar co-founder returns to Stabelcoin Market
Four years after the introduction of Bitcoin (BTC), Tather’s Stabcoin and Group were co-established by Colins, Brock Pierce and Craig Sellers. Coalins was the first CEO of the tetter until 2015 from its establishment in 2013, when the owners of the bitfinex Crypto Exchange, the Iphnex Group acquired the digital payment provider.
Tether’s USDT is now the largest stabechoin, with a market capitalization of $ 141 billion, and is considered an important component of the global crypto trading ecosystem. Additionally, Tither reported $ 13 billion in net profit last year.
On the other hand, Collins has since started a non-fangbal token operator, and a gaming firm has sold $ 70 million earlier. “Hindite is always 20/20,” Collins said when asked if he regrets leaving Tithi.
