The US dollar faces competition for dominance in stablecoins
"Rif Collins," the 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 could be used in the future as support for stablecoins, expanding the options beyond the dollar.
He added that tokenizing real-world assets (RWA) will play a key role in this transformation, predicting that these instruments will outperform due to their support for higher returns.
He also considered that the launch of a stablecoin project backed by former President "Donald Trump" represents a turning point, emphasizing that this move enhances the global acceptance of stablecoins and opens the door for institutional and governmental participation in this field.