币界网报道：Tether co-founder Brock Pierce is reportedly planning to raise $1 billion through a special purpose acquisition company (SPAC) to create a reserve for distressed cryptocurrency assets. The proposed SPAC would focus on acquiring undervalued crypto projects and distressed assets during market downturns, aiming to stabilize the sector by providing liquidity. Pierce, who previously launched blockchain-focused SPACs, believes this initiative could help protect investors and maintain ecosystem health during volatile periods. The move comes as the crypto industry faces increased regulatory scrutiny and market instability, with several major firms collapsing in recent months. If successful, this would mark one of the largest crypto-focused SPACs to date, though Pierce hasn't disclosed specific target assets or a timeline for the offering. The plan reflects growing interest in institutional solutions to address crypto market fragility.