Tether co-founder: The US dollar will face increasingly fierce competition for dominance from stablecoins
ChainCatcher news, according to Cointelegraph, Tether co-founder Reeve Collins stated in an interview in Dubai that although dollar stablecoins currently dominate the market, diversified assets such as gold and money market funds may become new anchors for stablecoins in the future. Collins pointed out that stablecoins backed by interest-bearing assets like money market funds, through innovative models such as the Pi Protocol, will gain market favor due to higher yields.Collins believes that the tokenization of real-world assets (RWA) will reshape the stablecoin landscape: "When traditional assets like government bonds are on-chain and generate substantial returns, these new types of stablecoins will gain an advantage." He particularly emphasized that, in addition to the dollar, diversified collateral such as gold and commodities will provide more options for stablecoin users.