According to Bloomberg, Tether co-founder Reeve Collins is supporting a new stablecoin project that plans to compete with Tether and will be launched on Ethereum and Solana blockchain later this year. The project will mint stablecoins through smart contracts, with asset support including profitable real assets such as bonds. Unlike Tether, which profits from investing in reserves, the new project will distribute profits to participants promoting stablecoins and launch governance tokens. Token holders can participate in platform decision-making and share platform revenue. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38106