Tether Co-Founder to Launch Yeild Bearing Stablecoin USP
Tether co-founder Reeve Collins is launching a decentralized stablecoin that will compete with USDT in an increasingly crowded space that is still dominated by two players.
The project will debut a stablecoin called USP on Ethereum and Solana blockchains in the second half of 2025, according to Bloomberg.
Pi will use smart contracts to mint its USP stablecoin and minters will earn yields in the form of another token called USI.
Competing With Tether
The stablecoin will be backed by yield-bearing real-world assets such as bonds and over-collateralized with assets like Treasuries and money-market funds.
“We view Pi Protocol as the evolution of stablecoins,” Collins told Bloomberg before comparing it to Tether.
“Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve.”
Collins, who was CEO from 2013 to 2015, and his partners sold Tether to the operators of the Bitfinex exchange in 2015. Back then, USDT stablecoin’s market value was less than $1 billion, today it is close to record highs of more than $140 billion.
Pi Chief Executive Officer Bundeep Singh Rangar said, “You want assets that are non-correlated to crypto that are mid- to high yield, low risk.”
“We have a mechanism that assesses the quality of the asset. They are ones that are vetted on their loss ratio and origination of where they are coming from,” he added.
Regulations are shifting. Yield-bearing stablecoins will be the next trillion-dollar asset class
— Pi Protocol (@piprotocol) February 18, 2025
Stablecoins got a green light this year with the election of US President Donald Trump. In his first days in office, he signed an executive order promoting US dollar-pegged stablecoin adoption while Congress is working on a regulatory framework for them.
Coinbase CEO Brian Armstrong also wants to chip away at Tether’s market dominance. At the company earnings call last week, he said that the firm aims to make USDC “number one” but admitted that this ambition was a “stretch goal.”
A Crowded Space
USP is entering an extremely competitive stablecoin market that is dominated by Tether which has a share of 60% from a current supply of $141 billion.
Circle’s USDC has seen its supply and market share grow in recent months, and it is currently $56 billion, giving it a market share of 24%.
The third largest stablecoin is USDS, formerly DAI, which has just under $9 billion in circulation and a market share of almost 4%.
The post Tether Co-Founder to Launch Yeild Bearing Stablecoin USP appeared first on CryptoPotato.
Investors’ Guide: Top 5 RWA Altcoins & 2025 Price Targets
Real-world asset (RWA) altcoins have gained momentum in the cryptocurrency market, offering investors promising opportunities for long-term gains.
These digital assets provide exposure to tokenized physical assets such as real estate, commodities, and financial instruments, making them valuable in a growing decentralized economy.
Several RWA-focused altcoins, especially Chainlink (LINK), Ondo (ONDO), MANTRA (OM), Pendle (PENDLE), and Maker (MKR), have shown strong potential. Their market activity suggests significant price movements as we approach 2025.
Chainlink (LINK) is currently trading at $16.60 , down 8.14% in the last 24 hours. The price recently dropped from a high of $18.08 before reversing downward. Resistance is evident in the $18.00–$18.10 zone, while support appears around $16.50–$16.60.
If the downtrend persists, $16.00 could serve as the next critical level. Despite the decline, 24-hour trading volume surged by 14.93%, signaling increased market activity.
If LINK maintains support above $16.50, a potential rebound toward $17.25–$17.50 is possible, with resistance at $18.00. However, a break below $16.50 may lead to further downside, potentially testing $16.00 or $15.50.
Related: Altcoin Watchlist: SUI, INJ, LINK, ONDO, OM – Which Will Lead the Crypto Bull Run Starting Next Week?
Ondo (ONDO) is trading at $1.08 , experiencing a 5.60% drop in the past 24 hours. The price faced rejection at the $1.14–$1.15 resistance zone, struggling to maintain momentum. Support has formed near $1.07–$1.08, but further selling pressure could push ONDO toward $1.05 or even $1.00, a psychological level.
Interestingly, 24-hour trading volume decreased by 9.90%, suggesting cautious market sentiment. If ONDO stabilizes above $1.07, a recovery toward $1.10–$1.12 remains possible, but overcoming $1.14–$1.15 remains a challenge.
MANTRA (OM) is trading at $8.44 , down 2.42% over the last 24 hours. The price remains in a consolidation phase, with resistance at $8.65–$8.70 and short-term support at $8.30–$8.35.
A drop below $8.30 could push OM toward $8.00, a critical support level. Notably, trading volume surged by 41.98%, indicating heightened interest among traders. If OM holds above $8.35, a potential rebound toward $8.50–$8.65 is possible, with $8.70–$8.80 acting as the next resistance zone. However, breaking below $8.30 may trigger a decline toward $8.00.
Pendle (PENDLE) is trading at $3.19 , a 9.62% decline. The price has faced resistance at $3.50–$3.53, with immediate support at $3.15–$3.20. If the bearish trend persists, the next key support level is $3.00, followed by $2.85–$2.90.
Despite the price decline, trading volume remains steady, rising by 0.56%, indicating ongoing market participation. If PENDLE holds above $3.15, a recovery toward $3.30–$3.40 could emerge. However, a break below $3.15 may lead to further downside, testing $3.00 and potentially $2.85.
Maker (MKR) is trading at $1,457.76 , a 7.62% decline in the last 24 hours. The price dropped from a daily high of $1,577.9, facing resistance at $1,550–$1,580. Support has formed around $1,450–$1,460, but if selling pressure persists, MKR could test $1,400.
Further downside may lead to $1,350, a significant historical support level. Trading volume increased by 10.32%, suggesting heightened activity, possibly from dip buyers.
Related: Altcoin Market Movers: HBAR, SUI, SOL, LINK, ONDO See Gains
If MKR holds above $1,450, a recovery toward $1,500–$1,550 remains possible, with $1,580 as a key resistance level. However, breaking below $1,450 may push the price toward $1,400 or lower.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Elon Musk’s Crypto Influence Strikes Again—Dogefather Coins Rally
Elon Musk, CEO of Tesla and SpaceX, has again caused crypto markets to go into a tailspin with one tweet. His recent activity on X (formerly Twitter) ignited a dramatic rally in several Dogefather-themed tokens, again demonstrating his immense power over the crypto market.
Musk posted a photo of himself wielding a chainsaw, with the phrase “The Dogefather” clearly in the background. The post, which said “This is a real picture,” rapidly gained popularity, generating speculation and hype throughout the crypto community.
The name “Dogefather” has been closely linked with Musk ever since he publicly supported Dogecoin (DOGE). His adoption of the meme currency started when he guest-starred on Saturday Night Live (SNL) in 2021 and referred to himself as the so-called “Dogefather,” as reported by CNF then.
As a follow-up to Musk’s posting, a few tokens associated with the Dogefather brand registered huge price rises. One, The Dogefather (DOGEFATHER), rose a whopping 122%, hitting an exchange price of $0.0015—the highest it had been since January’s end. Another token similarly named, The DogeFather (DOGEFATHER), rose 137%, to a price of $0.0040.
The boom did not end with these well-established tokens. New Dogefather-branded cryptocurrencies appeared in the hours after Elon Musk’s tweet, with opportunistic coders riding the viral wave. Some of the new tokens saw their prices jump immediately, following previous patterns whenever Musk engages with the cryptocurrency community.
This is not the first time Musk’s social media behavior has caused abrupt market activity. In past cases, when he changed his handle to “Kekius Maximus” and “Harry Bōlz”, tokens of the same names experienced significant appreciation.
A similar pattern unfolded in late January when the US Department of Government Efficiency (DOGE) featured Dogecoin’s logo on its website unexpectedly, as mentioned in our previous article. That action contributed to DOGE’s price to go up, showing how things outside and Musk-related ramifications affect the meme coin’s performance.
In spite of the buzz about Musk’s tweet, the photo itself was photoshopped. The original picture was snapped at the Conservative Political Action Conference (CPAC) on February 20, 2025, where Musk was in attendance.
As reported by the BBC, the actual photo was taken at a moment between Musk and Argentine President Javier Milei, who presented him with an ornate chainsaw. The gift had symbolic significance since Milei has often utilized chainsaws to symbolize his attempts to cut government spending in Argentina.
Musk, recognizing the importance of the gift, commented, “This is the chainsaw for bureaucracy.” His remark is consistent with his present role in the US Department of Government Efficiency in the Trump administration, where he has been busy promoting federal spending reduction.
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The AI Agent Cycle:
Hype, Disillusionment, and Survivors ↓
The AI Agent cycle was short-lived but highly profitable for those who identified the trend early.
By late December and early January, the market had reached the Peak of Inflated Expectations, marking the height of the AI Agent supercycle. Now, we're witnessing the inevitable Trough of Disillusionment, where overhyped promises meet reality.
The Gartner Hype Cycle is a powerful tool for analyzing any emerging trend.
It outlines five key stages:
• Innovation Trigger – A breakthrough or concept sparks excitement but lacks real-world adoption.
• Peak of Inflated Expectations – Hype skyrockets, and early adopters rush in.
• Trough of Disillusionment – Reality hits; most projects underdeliver or fail.
• Slope of Enlightenment – Survivors refine their models and prove real utility.
• Plateau of Productivity – The technology matures and achieves mainstream adoption.
While disillusionment may seem like a dark phase, it’s also a critical filter. This is when hype-driven projects fade, and real utility takes center stage, often leading to renewed price action for solutions that deliver tangible value.
Who will survive the AI agent shakeout?
The projects most likely to endure are those that offer more than just buzzwords. Here are some key players to watch:
1️⃣ Early AI Influencers like:
• @0xzerebro
• @aixbt_agent
2️⃣ DeFAI Agents with Proven Track Records – AI-driven trading solutions integrated with DeFi protocols like:
• @SynFuturesDefi
• @modenetwork
• @LogX_trade
3️⃣ Core Infrastructure Protocols – The backbone enabling AI-driven DeFi advancements.
If we take SynFutures AI Agent as an example, the thesis is quite simple:
• Practical, Not Speculative – Built on existing demand (trading, social engagement) rather than hype.
• Simplifying DeFi Complexity – Natural language interfaces bridge the gap between AI and DeFi, making it more accessible.
• UX as a Competitive Edge – As the market shifts from hype to real utility, user experience becomes the differentiator. SynFutures AI Agent is a breakthrough in on-chain Perp UX, setting it apart from generic automation tools.
The AI Agent market is in survival mode, and only projects with real utility will make it to the next stage of the cycle.
The key takeaway?
Narrative alone won’t cut it anymore—execution matters.