Tether co-founder: The stablecoin market will welcome diversified competition

According to the Gate.io News bot, Tether co-founder Reeve Collins discussed the development trends of the stablecoin market during an interview in Dubai, as reported by Cointelegraph. He pointed out that although USD stablecoins currently dominate the stablecoin and real-world asset (RWA) tokenization sectors, the market is moving towards diversification.

Collins emphasized that assets such as money market funds, commodities, and gold are becoming new backing options for stablecoins. These assets have the characteristic of higher yields compared to U.S. Treasury bonds.

Collins also mentioned that the launch of the stablecoin project supported by Trump has created conditions for global institutions, governments, and fintech companies to enter the field.