Odaily News Tether co-founder Reeve Collins is launching an interest-bearing stablecoin. Like some new entrants into the stablecoin space, such as Ethena and M^0, Collin's Pi Protocol will offer holders the yield that may be earned through tokenized RWA. This is different from the initial batch of stablecoins, such as fiat-backed USDT and USDC, and algorithm-backed DAI, which only track the value of the US dollar.
According to reports, the stablecoin protocol is expected to be launched on the Ethereum and Solana blockchains in the second half of 2025, and will use smart contracts, or computer programs that automatically execute transactions between parties such as exchanges and market makers, to mint its USP stablecoin. As a reward, minters will receive another USI token as income. The stablecoin will be backed by real-world assets that generate income, such as bonds. (Bloomberg)