#ArizonaBTCReserve Is competition increasing?

One of the co-founders and former director of Tether, Rive Collins, stated in an interview with Cointelegraph that competition in the stablecoin segment is intensifying, and the dollar is losing its monopoly.

He noted that while USD-pegged "stablecoins" maintain dominance, other currencies and types of assets are increasingly being used for backing.

According to Collins, the issuance of stablecoins backed not only by currency but also by commodities or gold expands opportunities for users and creates additional demand.

The expert emphasized that such assets can provide investors with higher returns compared to traditional dollar instruments and may become serious competitors in the financial market over time.

Collins pointed out the possibility of using real assets as collateral for stablecoins. He believes that tokenization will enable the creation of a broader range of "stablecoins."

The specialist also commented on the launch of the USD1 stablecoin from the DeFi project of the Trump family, World Liberty Financial. He noted that the involvement of the U.S. president signals recognition of this new class of assets.