Tether Co-Founder To Develop Yield-Bearing Stablecoin Pi Protocol

Reeve Collins, a co-founder of Tether, is creating a new stablecoin project called Pi Protocol. He hopes to democratize stablecoin minting and yield returns to incentivize new adoption. Impending US stablecoin regulations may give Pi Protocol a crucial chance to succeed. Its smart contracts will put a high valuation on Treasury bonds, helping it build up reserves to comply where Tether’s USDT... source: https://beincrypto.com/tether-founder-to-develop-pi-protocol-stablecoin/