Tether Co-Founder: With more assets possibly becoming the backing of stablecoins, USD stablecoins will face increasingly fierce competition

BlockBeats News, April 29th, according to Cointelegraph's report, Tether co-founder Reeve Collins stated in an interview in Dubai that although currently the dominant players in the stablecoin and Real World Asset (RWA) tokenization space are USD-backed stablecoins, they will face more competition in the future. Collins pointed out that assets such as money market funds, commodities, and gold could all become endorsements for stablecoins.

Since these assets may offer users higher yields than U.S. Treasury bonds, they may play a significant role in the stablecoin market in the future. Furthermore, Collins believes that the launch of stablecoin projects supported by Trump indicates that stablecoins have been fully recognized, paving the way for other global institutions, governments, and fintech companies to enter the field.