Tether Co-Founder: The Dollar Faces Increasing Competition from Stablecoin Dominance
PANews April 29 report, according to Cointelegraph, Tether co-founder Reeve Collins stated in an interview in Dubai that although dollar-backed stablecoins currently hold a dominant position, diversified assets like gold and money market funds may become new anchors for stablecoins in the future. Collins noted that innovative models such as the Pi protocol, which supports stablecoins with interest-bearing assets like money market funds, will gain market favor due to higher yields.
Collins believes that the tokenization of real-world assets (RWA) will reshape the landscape of stablecoins: "When traditional assets like government bonds are put on the blockchain and generate significant yields, these new types of stablecoins will gain an advantage." He particularly emphasized that in addition to the dollar, diversified collateral like gold and commodities will provide more options for stablecoin users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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