Tether Co-Founder Is Working on Yield-Bearing Stablecoin Rival
One of the original founders of Tether is backing a new stablecoin project — one that will compete with the world's most traded cryptocurrency.
Reeve Collins, who along with Brock Pierce and Craig Sellars launched precursor to the original stablecoin, served as Tether's first chief executive officer from from 2013 to 2015. He is chairman and co-founder of Pi Protocol. The so-called decentralized project is expected to debut on both the Ethereum and Solana blockchains in the second half of this year or sooner. No financial terms were disclosed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
Solana 's SOL Rebounds as Buyers Step In Above $147
SOL SOL showed renewed strength Saturday as it rebounded from a low of $147.13 to trade back above $151, despite lingering global macroeconomic headwinds. The recovery comes amid a spike in on-chain activity, with Coin Days Destroyed surging to 3.55 billion—its third-highest level this year—indicating movement of long-dormant tokens. The bounce off $147 confirmed a bullish double bottom pattern, supported by rising volume and a return to a short-term bullish channel on the 6-hour chart. Solana now faces overhead resistance near $152.85, where sellers previously stepped in, but a move above that level could open the door toward the $155–$157 zone. While Solana's network fundamentals remain strong, the broader macro environment continues to inject volatility into crypto markets, with ongoing US-China tariff disputes and rising global bond yields weighing on investor confidence. Technical Analysis Highlights SOL rallied from $147.13 to $152.94, gaining 3.95% intraday. Double bottom formed near $147.50, signaling a potential trend reversal. Resistance is developing at $152.50–$153.00, capping upward momentum. Bullish channel seen on 6-hour chart, with volume rising on green candles. Coin Days Destroyed spiked to 3.55 billion, its third-highest reading in 2025. Price dropped slightly in the last hour from $152.51 to $151.77 (0.48%). Hourly chart shows bearish engulfing pattern; $150.85 is near-term support. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Business Upturn
13 hours ago
- Business Upturn
Winna Named Leading Crypto Casino 2025 by Reddit Community for Instant Withdrawals & Bonuses
SAN JOSE, Costa Rica, June 07, 2025 (GLOBE NEWSWIRE) — Community feedback from cryptocurrency gambling forums and social platforms reveals that Winna has gained notable recognition for its swift crypto payouts and privacy-first approach. Reddit users consistently cite Winna as one of the top-performing crypto casinos due to its under 5 minute average withdrawal time and no-KYC requirements. According to multiple independent reviews, these features have made the platform a preferred choice among privacy-conscious crypto gamblers seeking rapid transaction settlement and anonymous play. With instant payouts, a broad game library, and no-KYC verification, Winna sets a new benchmark in crypto gambling. Millions are turning to this platform for a seamless, privacy-respecting alternative to legacy online casinos. Overview of Winna: Premier BTC Casino Platform Winna is designed as a modern crypto-first gambling environment that blends speed, security, and anonymity with broad gaming options. Platform Specifications: Launch Year: 2024 License: Tobique Gaming License Game Selection: 2,000+ titles (slots, table games, live casino, esports, and sports betting with 10,000+ live events monthly) Software Providers: Pragmatic Play, Evolution, Hacksaw, BGaming, NetEnt, Nolimit City, Play'n GO, and others Payment Methods: Bitcoin, Ethereum, USDT, Dogecoin, Solana, BNB, Litecoin, TRX, USDC Withdrawal Speed: Instant or within 10 minutes KYC Requirements: None for crypto users Winna's design is ideal for privacy-focused players who want efficient, no-hassle crypto gambling. Its near-instant crypto payouts address a common frustration with conventional online casinos. With 24/7 multilingual support and hardened security protocols, Winna provides a complete experience tailored for cryptocurrency gamblers. Why Community Analysis Favors Winna Casino Feedback from crypto casino players consistently highlights these core strengths: Verified Crypto Withdrawals: Independent testing confirms that withdrawals on Winna average 6–12 minutes. This outperforms legacy platforms that may require 3–7 business days to settle. No-KYC Policy: Crypto users can register using just an email address, with no identity documentation required. This has earned Winna acclaim in crypto subreddits focused on privacy-first platforms. Content Catalog Growth: While smaller than some competitors, Winna's curated library of 2,000+ high-quality games ensures performance and reliability. Titles include live dealers and sports betting features requested by users. Attractive Bonus System: New users benefit from extra free spins, 60% rakeback, and a risk-free esports wager. Weekly prize events offer up to $25,000 in winnings. Customer Support: Available around the clock through live chat, email, and Telegram. Response times have been noted as rapid and helpful. Security Protocols: Advanced encryption, 2FA login, and provably fair RNG mechanics ensure that user data and game integrity remain uncompromised. Best Crypto Casino Bonuses and Promotions Winna provides a suite of reward systems aimed at both casual and high-volume players: Welcome Package: Use a code to unlock free spins, a 60% rakeback, and a 100% risk-free bet for the sportsbook. Ongoing Promotions: Slot & Live Casino Tournaments with $25,000+ in rewards Daily cashback offers Esports bet insurance VIP rakeback club with exclusive benefits Drops & Wins campaigns with $2M prize pools Exclusive offers via Telegram and social media These systems increase player lifetime value and engagement, placing Winna among the most lucrative BTC gambling platforms. With no identity verification needed for crypto users, Winna enables instant access to the full suite of services. Getting Started with Winna Fast onboarding ensures you can begin gaming within minutes: Visit the official Winna website Click 'Sign Up' and enter a valid email and secure password Verify your account via the confirmation email Deposit crypto or buy crypto via integrated fiat gateways (Visa, Mastercard, Apple Pay) Activate your welcome offer using code VIP777 Begin playing any of the 2,000+ available games Casino Game Library and Sportsbook Despite having a smaller game library than some rivals, Winna prioritizes quality: Slot Machines: High-RTP, feature-rich slots with popular titles like Sweet Bonanza and Money Train 3. Live Casino: Fully interactive blackjack, roulette, baccarat, and game show titles streamed in HD. Table Games: Multiple rule variants of poker, roulette, and blackjack with provably fair mechanisms. Esports and Sports Betting: A full sportsbook offering real-time betting on traditional and virtual sports. Instant Games: Scratch cards, crash games, and other casual quick-win formats. Game integrity is ensured via regular audits and verified randomness, maintaining trust in outcomes. Exceptional Casino Game Quality and Live Gaming Experience at Winna Winna Casino sets a new standard in online casino entertainment, offering a dynamic blend of traditional favorites and cutting-edge crypto games. With a curated library of over 7,000 titles, Winna ensures that every type of player—whether casual or high-stakes—finds games that match their style and budget. Our live casino section stands out for its authentic atmosphere, bringing the thrill of a real casino floor directly to your screen. Hosted by professional dealers and powered by advanced streaming technology, Winna's live tables offer seamless, high-definition gameplay across both desktop and mobile platforms—day or night. Every game at Winna is rigorously vetted for fairness, performance, and player experience, exceeding industry norms. We also feature exclusive crypto-first titles unavailable on most platforms, giving Winna players access to truly distinctive gaming content. With new games added regularly, our ever-evolving catalog keeps the experience fresh and rewarding for returning users. Winna Casino isn't just another crypto gambling site—it's a premium destination for those who demand exceptional quality and a next-level live gaming experience. Supported Cryptocurrencies and Payments Winna supports a broad range of crypto assets: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) Binance Coin (BNB) Solana (SOL) Litecoin (LTC) Dogecoin (DOGE) Tron (TRX) USD Coin (USDC) All transactions settle quickly, with deposits confirmed instantly and withdrawals completed in under 10 minutes. Fiat onramps via card and mobile payment are expected soon. Advanced BTC Casino Deposit Methods and Banking Excellence at Winna Winna Casino delivers a streamlined and secure crypto deposit experience, tailored to meet the needs of both novice and experienced cryptocurrency users. Whether you're transferring from an existing crypto wallet or purchasing Bitcoin through integrated payment providers, Winna ensures a smooth first deposit process. Funds appear in your account almost instantly, unlocking immediate access to our full range of casino and live dealer games. Our crypto infrastructure is built for flexibility—supporting deposits from modest trial amounts to high-value transactions that go beyond conventional casino limits. Whether using Bitcoin for large deposits or altcoins like Bitcoin Cash for faster network confirmations, every transaction at Winna meets the same rigorous standards of speed, transparency, and security. New to crypto? Winna offers step-by-step educational resources covering everything from wallet setup to secure transaction practices. First-time players receive guidance throughout the deposit process, eliminating technical barriers to entry. For seasoned crypto users, Winna provides advanced tools designed for managing multiple wallets, executing fast deposits, and aligning with broader portfolio strategies. At Winna Casino, crypto banking isn't just functional—it's optimized for performance, empowering players with the control and reliability they expect from a next-generation BTC casino. Security and Responsible Gambling Security Features: Full SSL encryption Cold wallet storage for user balances Two-factor authentication Provably fair gaming Pros and Cons of Winna Casino Pros Cons Lightning-fast crypto withdrawals (typically under 10 minutes) No traditional banking methods (crypto only) Over 7,000 games from leading providers Relatively new platform with limited legacy reputation No KYC required for crypto users Limited support for fiat currencies Integrated sportsbook with live in-play betting 24/7 multilingual customer support Provably fair crypto games ensure transparency and fairness Mobile BTC Casino Experience and Cross-Platform Gaming at Winna Winna Casino delivers a fully optimized mobile experience, ensuring uninterrupted access to all features directly from your iOS or Android browser. While no standalone app is required, the mobile platform retains full functionality, including live dealer games, sportsbook access, secure deposits, and complete account control. The responsive design adapts fluidly across screen sizes, maintaining top-tier performance whether you're on a smartphone, tablet, or desktop. Players can enjoy fast-loading games and intuitive navigation without compromise, making Winna a truly cross-platform crypto casino built for today's on-the-go user. Winna is fully responsive across all devices, including Android and iOS browsers. While no standalone app is available, mobile navigation is seamless and retains full platform functionality. Responsible Gaming Tools: Self-exclusion Deposit limits Reality checks Cooling-off periods Third-party addiction support access Best Crypto Casino FAQ: Common Questions Answered What is the best crypto casino for 2025? Winna Casino is quickly establishing itself as one of the best crypto casinos for 2025. It combines fast withdrawals, a massive selection of over 2,000 games, and full privacy for crypto users. Its instant transaction processing and no-KYC policy make it especially appealing to modern digital gamblers who prioritize speed and anonymity. What is the best payout crypto casino? Winna offers highly competitive payout conditions, with an average return-to-player (RTP) rate of 96.8%. Some individual titles even exceed 99% RTP. Combined with instant withdrawal processing, Winna provides a strong overall payout experience that rivals or surpasses other crypto-focused platforms. What is the best live crypto casino? Winna stands out in the live gaming space, offering over 250 live dealer games that are available around the clock. Professional croupiers, real-time streaming, and reliable crypto transaction support create an immersive experience that mirrors the atmosphere of a high-end physical casino. How to find the best crypto casino? The best crypto casino platforms can be identified by looking at several factors, including fast withdrawal processing times, a wide selection of quality games, strong security protocols, and clear, fair bonus policies. A platform like Winna, which combines all these aspects, is an ideal example of a well-rounded, player-focused crypto casino. How do I choose a crypto casino? Choosing the right crypto casino requires careful evaluation. You should prioritize platforms that process withdrawals quickly, offer a diverse and reputable game library, enforce strong security standards, provide realistic and transparent bonuses, and maintain responsive, competent customer support. Winna delivers on all of these counts. Are crypto casinos better than traditional online casinos? Crypto casinos like Winna offer several distinct advantages over traditional platforms. These include instant withdrawals, enhanced privacy, lower transaction fees, and access to provably fair games that allow users to verify outcomes independently. As a result, many players now prefer crypto-native casinos over older, fiat-based alternatives. What cryptocurrencies does Winna accept? Winna supports a broad range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Tether, Dogecoin, Bitcoin Cash, Binance Coin, and Tron. Each of these currencies is integrated into the platform's fast, secure deposit and withdrawal infrastructure, allowing for efficient transaction handling regardless of the coin used. How fast are withdrawals at Winna? Withdrawals at Winna typically take less than 10 minutes to process. In most cases, players report receiving their funds within 6 to 12 minutes, which is significantly faster than what's available at conventional online casinos that rely on bank processing. Do I need identity verification at Winna? No identity verification is required for cryptocurrency users at Winna. Players can register using only an email address and begin playing immediately. This commitment to privacy is one of the reasons crypto users prefer Winna over platforms that enforce invasive KYC requirements. Industry Leadership in the Crypto Casino Space Winna is steadily earning recognition as a leading platform in the crypto gambling sector, driven by its technical reliability, streamlined user experience, and strong community feedback. Discussions across major crypto forums—including Reddit—frequently highlight Winna as one of the top emerging crypto casinos, with users praising its blend of rapid withdrawals, robust security infrastructure, and diverse game offerings. This recognition stems from authentic player experiences, not paid promotions or manufactured marketing narratives. As the cryptocurrency gambling market continues to mature, Winna distinguishes itself from traditional casinos merely retrofitting crypto functionality. Instead, it represents a purpose-built platform tailored for the expectations of modern digital asset users. The focus on fast transactions, provably fair games, and privacy-first account structures illustrates this shift toward crypto-native design. Unlike platforms offering fragmented services, Winna integrates casino gaming, live dealers, and a comprehensive sportsbook into a unified system. This full-suite approach appeals to players looking for more than just isolated gambling options—it satisfies demand for all-in-one crypto entertainment. Industry analysts increasingly point to this model as the future of blockchain-powered online gambling. User sentiment across crypto-focused communities consistently reflects satisfaction with Winna's operational model. Players cite the platform's sub-10-minute crypto withdrawals, expansive library of over 2,000 games, and no-KYC structure as defining features that meet their priorities in a highly competitive market. Conclusion Ongoing community analysis indicates that Winna is becoming a preferred choice among cryptocurrency gamblers who prioritize speed, transparency, and control. Its integration of sportsbook functionality, privacy-centric policies, and aggressive product updates reflects a forward-looking platform architecture that resonates with today's decentralized user base. As cryptocurrency adoption in online gambling continues to expand, platforms like Winna—designed specifically for crypto users—are setting the benchmark for what a next-generation digital casino experience should look like. Disclaimer: This content is for informational purposes only. Gambling always involves risk and should only be undertaken by individuals of legal age. Always gamble responsibly and within your means. Check local laws before participating in online gambling activities. This content may contain affiliate links that generate commission at no additional cost to users. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Associated Press
a day ago
- Associated Press
Pi Protocol Rebrands to STBL, Introduces Architecture for Next-Generation Stablecoin Economics
DUBAI, AE / ACCESS Newswire / June 7, 2025 / Pi Protocol today announced the completion of its comprehensive rebrand to STBL, marking a strategic development that reflects the company's maturation to institutional-grade stablecoin infrastructure. The transformation signals a refined focus on establishing the 'Stablecoin 2.0" era, a paradigm where users who mint stablecoins retain both the yield generated from backing assets and governance control over the protocol itself. The new STBL ecosystem introduces three complementary tokens designed to address fundamental inefficiencies in existing stablecoin markets: USST (Stablecoin): A fully over-collateralized stablecoin backed by a diversified portfolio of institutional-grade, real-world assets. Unlike traditional stablecoins, USST maintains price stability while passing yield to users through the protocol's innovative architecture. YLD (Yield Token): Automatically issued during the USST minting process, YLD tokens represent users' claims to real income streams generated by backing assets. This separation of yield from principal allows users to trade, hold or compound their returns independently while maintaining stablecoin utility. STBL (Governance Token): Provides holders with democratic control over protocol parameters, reserve management, and reward distribution. The governance structure ensures community-driven decision-making rather than centralized control. STBL is designed for regulatory alignment and institutional-grade integrations - while remaining fully modular, permissionless, and compatible with DeFi. Current stablecoin markets suffer from a fundamental asymmetry where centralized issuers like Tether and Circle retain billions in yield generated from user deposits. STBL's architecture directly addresses this market failure by ensuring value flows back to ecosystem participants who create and maintain the stablecoin supply. 'STBL combines institutional-grade infrastructure with decentralized governance principles,' said Reeve Collins, co-founder of STBL and former co-founder and CEO of Tether. 'We're establishing a new financial primitive that serves protocols, institutions and governments while preserving core decentralization values. The stablecoin market has remained largely unchanged since our work on Tether. STBL is the natural evolution and the start of the Stablecoin 2.0 era.' The stablecoin market, valued at approximately $200 billion, has seen limited innovation since Tether's introduction nearly a decade ago. STBL now positions itself as the next evolutionary step, targeting significant market share by delivering superior value to users. 'We built Tether to put the dollar on the blockchain,' Collins noted. 'Now, we've built STBL to bring sustainable yield and democratic governance to stablecoins. This is the infrastructure that will onboard the next wave of institutional decentralized finance adoption.' 'The premise is simple: you create the money, you keep the yield,' said Bundeep Singh Rangar, CEO and co-founder of STBL. 'We're witnessing the evolution toward Stablecoin 2.0, a model where financial sovereignty is embedded as a core architectural feature.' STBL operates on both Ethereum and Solana networks, providing institutional clients with multi-chain flexibility while maintaining regulatory compliance standards. Unlike existing decentralized alternatives that rely on complex algorithmic mechanisms or suffer from capital inefficiency, STBL provides capital efficiency through optimized collateralization ratios, yield transparency with real-time asset performance tracking, governance legitimacy through token-holder voting mechanisms and regulatory alignment with compliant asset selection. The rebrand to STBL reflects confidence in the protocol's ability to capture market share from legacy stablecoin providers. By addressing structural inefficiencies, STBL offers compelling incentives for users, institutions, and protocols to migrate toward this next-generation framework. To find out more about STBL and its three-token architecture, visit About STBL STBL is a decentralized finance infrastructure protocol enabling the collateralization and monetization of yield-bearing real-world assets through USST stablecoin issuance. Operating across Ethereum and Solana, STBL serves protocols, institutions and users seeking yield-generating stablecoin solutions without compromising on decentralization. Governance is driven by holders of the STBL token, ensuring community-led protocol evolution. Media Contact [email protected] Follow STBL Twitter: LinkedIn: Website: Disclaimer Crypto assets are unregulated investment products prone to sudden and substantial value fluctuations, presenting a high risk of total loss of the invested capital. The information presented herein is not intended as a financial promotion. This material has been produced for circulation to a limited number of professional investors and journalists. If you are unsure whether this asset is suitable for your individual circumstances, it is highly recommended to obtain independent financial and legal advice. SOURCE: PI TECHNOLOGIES, LTD press release
