news 
Tether Co-Founder Introduces Yield-Bearing Stablecoin to Compete with USDT
In a significant move, the co-founder of Tether, Collins, has introduced a new stablecoin called Pi Protocol. The innovative project is not only aimed at providing a reliable and stable currency but also offers an unprecedented feature – yield generation.
This new approach sets Pi Protocol apart from other popular stablecoins like USDT, which do not generate yields and are simply pegged to the value of assets such as the US dollar. The introduction of a yield-bearing asset is significant because it allows investors to earn returns on their assets in addition to maintaining stability.
Pi Protocol enters a rapidly growing market that has seen unprecedented growth. According to DeFiLlama, the stablecoin market has exceeded $225 billion in size, with USDT dominating over 63% of the market share. However, competition has increased in recent months, as Circle’s USDC and DAI surpassed other smaller players.
It is essential for investors seeking both stability and returns on their assets to evaluate Pi Protocol and consider its potential.
Source: crypto-economy.com
