Tether co-founder plans to launch interest-bearing Stable Coin on Ethereum and Solana in the second half of the year

Odaily Planet Daily News Tether co-founder Reeve Collins is launching a interest-bearing Stable Coin. Like some new entrants in the Stable Coin field such as Ethena and M^0, Collin's Pi Protocol will provide holders with the potential to earn income through tokenization of RWA. This is different from the initial batch of Stable Coins (such as USDT and USDC supported by stablecoins) and DAI supported by Algorithm (only tracking the value of the dollar). It is reported that the Stablecoin protocol is expected to be launched on the Ethereum and Solana blockchains in the second half of 2025, using smart contracts or computer programs that automatically execute transactions between exchanges and market makers to mint its USP Stablecoin. As a reward, minters will receive another type of USI token as income. The Stablecoin will be backed by real-world assets that generate income, such as bonds. (Bloomberg)