The US dollar to deal with the growing competition for Stablecoin’s dominance: Tether Co-Founder

While the United States dollar denomination Stablecoins is leading the Stablecoin and real-world asset (RWA) tokenization game, other competitors are playing, according to Tether co-founder Reeve Collins.

Talking to cointelegraph in Dubai, Collins said that while USD supports may currently dominate, other currencies and properties may compete with stablecoins. He said:

“Stablecoin certainly helps maintain dollar dominance, especially in the crypto space. The dollar is kind of crypto currency reserve. But now there are other money playing. But more importantly, it’s not money. It’s other types of backing.”

Collins said other owners used to I -back stablecoins could compete with the US dollar by bringing higher yields to users.

Tether’s co-founder said the tokenized assets could return to Stablecoins

Collins, who works on carrying Stablecoin produce for users through PI protocol, told Cointelegraph that in addition to currencies, money funds, other goods and gold could return to futurecoins in the future.

“If you can back it in money market funds, for example, to produce a higher yield than T-bill and other things like the coming onchain, where many harvests will be formed. The leader,” Collins said.

Collins said it would “start to win” because they carry a higher user’s return. In addition, the executive also said the RWA tokenization could play stablecoin backing.

Cointelegraph’s executive said that because all types of possession can be pocitated, it can be used to back stablecoins in the future. “You will have many options other than just dollars,” he added.

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Linked Stablecoin puts a foundation for the rest of the world

In March, the World Liberty Financial (WLFI) project, supported by US president Donald Trump, Its stablecoin launched In the BNB and Ethereum chain. However, the project said the tokens had not yet lived.

According to Collins, Stablecoin’s entry of a project supported by Trump means that Stablecoins are “fully accepted.” The executive believes that everyone will participate in stablecoins due to the move. This includes institutions, governments and financial technology companies.

“The president of the United States has launched a stablecoin. It is amazing. It puts the foundation for the world to do it,” he said.

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