Tether co-founder Reeve Collins discussed the growing competition in the stablecoin and real-world asset tokenization sector. While USD-backed stablecoins currently dominate, Collins highlighted the emergence of other currencies and assets as potential competitors. He emphasized the importance of different types of backing, such as money-market funds and commodities, which could offer higher yields to users. Collins also mentioned the role of RWA tokenization in backing stablecoins, suggesting a future where various assets, not just USD, support stablecoins. The recent launch of a stablecoin by a project backed by US President Donald Trump signifies wider acceptance of stablecoins, according to Collins. He predicts increased involvement in stablecoins from institutions, governments, and financial technology companies, following this significant development. Read more AI-generated news on: https://app.chaingpt.org/news

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