The co-founder of Tether, Reeve Collins, is backing a new project, Pi Protocol, which aims to launch a yield-generating stablecoin on the Ethereum and Solana blockchains in the second half of 2025.

The project will mint stablecoins through smart contracts and will use RWA as collateral.

Participants will be able to earn profits through USI tokens, and the project will also introduce governance tokens, allowing users to participate in the decision-making process.

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