Tether Co-Founder Introduces Yield Bearing Stablecoin to Compete with USDT

TL;DR Reeve Collins, co-founder of Tether, launches a new stablecoin called Pi, backed by real-world assets like bonds, to compete with USDT. The Pi Protocol will be launched on the Ethereum and Solana blockchains, utilizing smart contracts to issue the stablecoin.  This move comes in an increasingly competitive stablecoin market, with major players like USDT, ... source: https://crypto-economy.com/tether-co-founder-introduces-yield-bearing-stablecoin-to-compete-with-usdt/