According to Bloomberg, according to Bloomberg, according to Bloomberg, according to Bloomberg, the former CEO of the Stablecoin company BEEMOTH TETHER is throwing its support after a new USDT rival.
Reeve Collins, a tether co -founder, is now the chairman and co -founder of the PI protocol, a manufacturer of a new USD rival, a manufacturer of USP.
PI Stablecoin will be available in Solana (SOL) and Ethereum (Etherem) blockchains later this year.
The PI aims to use the USP Stablecoin, which aims to support the actual asset that runs transactions using a smart contract and supports the actual asset that floats bonds and other yields.
According to the report, the project is more distributed than other stablecoin projects such as Tether’s USDT, providing greater pies for users.
Collins say in the new Stablecoin.
“I have supported a lot of tethers over the years. This is a special invention we developed…
We see the PI protocol as the evolution of Stablecoin.
Tether was very successful in showing demand for stability. But they maintain all yields. We think that after 10 years, the market is ready to develop. ”
PIO Bundeep Singh Rangar of the new Crypto project says.
“You want assets that have no correlation with encryption.
There is a mechanism that evaluates the quality of assets. They are those who have been judged for their loss ratio and the origin of where they came from. ”
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