$BTC The US Dollar Faces Competition for Dominance in Stablecoins

“Riv Collins,” co-founder of Tether, points out that the US Dollar's dominance in the stablecoin market is facing increasing challenges with the entry of alternative currencies and assets offering higher returns.

He explained in an interview with “Cointelegraph” that money market funds,

gold, and other tokenizable assets may be used in the future as backing for stablecoins, expanding the options beyond the dollar.