News and analysis on encrypted currencies, Blockchain and decentralized financing

The co -founder of Tether, Reeve Collens, launches the return of the return to the return.

It was revealed before BloombergQuoted from the Defi Pi Protocol Project.

Cord: new stablecoin with the return

The new Stablecoin USP will be called, and users will be allowed to obtain guaranteed returns from bonds and other assets in the real world.

Nevertheless, the project claims that it is not central.

The PI protocol will be launched on Blockchains from ethereum And Solana by the end of the year. It is the Defi project that includes NFT and “circuit”, but also provides a unique NFTS possibility through swimming pools and through Pi Treasure Hunt.

In addition, it was equipped with NFT DeX, PIPX, which allows users to create their own cellars to enable them Nft commerce.

Currently, she has no yet StablecoinThis is why they are working to create a USP.

PI will use specific smart contracts to allow the manufacture of the distinctive USP stablecoin symbols for the back of the return USI. According to Bloomberg, Stablecoin should be supported by bonds and other real world assets.

The co -founder of tension

The Collins Reef, in addition to being a co -founder of the PI protocol, was also one of the founders of Tether.

Tether was founded in 2014 by Reeve Colleins, Brock Pierce, and Craig Sellars under the name “Realcoin”. Collins was also CEO.

In 2015, Control moved to Crypto Exchange Bitfinex, founded in 2012 by Rafael Nicole, before being controlled by Giancallow Devasini and JL Van Der Veelde, along with Paolo Ardoino.

Once Tether left, Collins participated in the founding of another Blockchain, Blockv, which was collected $ 22 million through ICO to create a NFTS platform. He was the CEO of Blockv until 2018.

In 2019, he then participated in the establishment of the Web3 platform, Smartmedia Technologies, which is used by Blockchain for Adtech and works in many major brands.

Stablecoin

Now, on EncryptionMany stablecoins circulating, with the total market value exceeding 225 billion dollars.

However, among these, in fact, 63 % is represented by the USDT from Tether alone, which benefits almost twice that of nearly all other stablecoins combined.

Just keep in mind that the second in this arrangement, USDC, benefits 56 billion against 142 USDT. The third, USDE from Ethina, is only 6 billion dollars.

The truth is that just as US dollars dominate the traditional financial markets, USDT play the same role in the encryption markets, although USDC in Europe is gaining more traction because, unlike USDT, it corresponds to the regulation of the new European Union encryption.

However, from the new USP, it is not much known that it is still not known now that it is just an idea, although the NFT platform for PI is already present and it seems that the new Stablecoin looks already in development.

Revenue

Stablecoins in dollars, such as USDT, produces revenues already.

For example, Tether invests the US dollar for USDT in US Treasury bonds that produce about 4.5 % annually.

The truth is that Tether maintains all these returns for itself, and because it has more than $ 110 billion from T-Fonds, it dates back to several billion dollars annually without doing anything other than keeping the Usdt, educated, and working.

For some time now, in light of these returns, there was a talk about a possible participation of parts of it with the distinguished code, but it must be remembered that these are not fixed returns.

The reason that the factors give by T-Fonds are that the US Central Bank has increased reference rates significantly in recent years, but it is imperative to fall, sooner or later.

For example, in the case when half or three or three years are made in half, imagining the participation of 50 % of the returns, the USDT holder can end with more than 1 % per year, which is much less than it will receive by putting them in profit On other encryption platforms.