According to reports from Wu, Tether co-founder Reeve Collins stated in Dubai that dollar stablecoins dominate the stablecoin and physical asset tokenization space, but they will face more competition in the future. Collins pointed out that assets such as money market funds, commodities, and gold may serve as backing for stablecoins, as they could provide users with higher returns than U.S. Treasuries. Furthermore, Collins believes that the launch of a stablecoin project supported by Trump indicates that stablecoins have gained recognition, laying the groundwork for global institutions, governments, and fintech companies to enter the field.