Tether co-founder: The US dollar will face increasing competition for dominance in stablecoins.

PANews, April 29 news, according to Cointelegraph, Tether co-founder Reeve Collins stated in an interview in Dubai that although the US dollar stablecoin currently dominates, diversified assets such as gold and money market funds may become new anchors for stablecoins in the future. Collins pointed out that stablecoins supported by interest-bearing assets such as money market funds through innovative models like 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 such as government bonds are tokenized and yield substantial returns, these new types of stablecoins will gain an advantage." He particularly emphasizes that, in addition to the US dollar, diversified collateral such as gold and commodities will provide more options for stablecoin users.